Receipts and Payment Account (Extract)
                               N
Bal b/f                   3650       Insurance   900
subscription   (99) 7500       Rate          11,700
                   (2000) 1000      Bal c/d        8,050
Fees                      8500

                            20,650                       20,650

The following information were given:

Rates owing Insurance prepaid Subscription in arrears

1/199 3,600 50 700

31/12/99 2000 1000 600

Calculate the subscriptions in the Income and expenditure account.

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