The following is the Receipts and Payment Account of Wazalendo Association on Dec 31 st 2012 Dr…

The following is the Receipts and Payment Account of Wazalendo Association on Dec 31^st 2012

Dr Receipts and Payments account		Cr
Cash balance b/d 211	Secretarial expenses	149
Subscriptions 824	Rent	700
Dance Competition fees 80	Dance expenses	200
Dinner dance 248	Stationery and printing	48
Bal c/d 78	Prizes	120
….	Other expenses	224
1441 Additional information		1441
Year	31/12/2011	31/12/2012
Equipment at valuation	210	180
Subscriptions paid in advance	48	64
Subscriptions in arrears	32	16
Amount owing for stationaryRequired	29	37
Prepare i)Income and expenditure account for the year ended 31/1/013
ii) Balance sheet on 31/1/013				(20 mrks)