2019 2020
Bar creditors 32,400 19,600
Outstanding salaries 9,600 12,400
Bar stock 56,200 75,600
Subscriptions in arrears 25,000 20,000
Prepaid insurance 6,400 9,200
Furniture (NBV) 96,000 112,000
Sports kit (NBV) 18,000 97,600
Musician fess - 12,000
The following summary of the clubs receipts and payments was prepared by the clubs treasurer for 2020.
Receipts and payments account
Details Shs Details Shs
Balance b/f 54,000 Salaries 92,800
Subscription 170,000 Musician fees 78,000
Donations 21,000 Stationery and postage 16,000
Gate moneys 225,000 Prizes 25,600
Sale of old sports kit 10,000 Charities 75,200
Bar sales 425,600 Electricity and telephone 45,000
Payments to bar creditors 252,000
Purchase of furniture 40,000
Insurance 88,000
Maintenance of sports ground 27,000
Purchase of new to sports kit 93,200
Balance c/f 72,800
905,600 905, 600

Additional information
1. Bar sales are strictly on a cash basis. Expenses relating to the bar include Salaries – sh. 36,200; electricity and telephone – sh. 18,400 and insurance – sh. 24,000.
2. The sports kit disposed off during the year had a book value of Sh. 13,600
3. The gate moneys, musician fees and prizes relate to a party organized at the club to celebrate the opening of the county after the covid-19 cross-county cessation of movement.
Required
(i) The bar income statement for the year ended 31st December 2020
(ii) The Club’s income and expenditure account for year ended 31st December 2020 (15 marks)