Given: Subscription in arrears 01/10/06...........₦2 000 Subscription in advance 01/10/06...........₦1 500 Subscription paid during the year..........₦7 000...

Given:

Subscription in arrears 01/10/06...........₦2 000

Subscription in advance 01/10/06...........₦1 500

Subscription paid during the year..........₦7 000

Subscription in arrears 31/12/06...........₦3 000

Determine the amount of subscription included in the income and expenditure account for the year?