Lunas

Art Club provides you with the following information for the 20.2 financial

year. Lunas Art Club had 47 members at the end of the 20.2 financial year. Membership

fees amounts to R220 per month. On 1 January 20.2, five new members joined the club and paid an entrance fee of R100 each. The

entrance fees received was capitalised to the accumulated fund account. Membership fees received in advance on 31 December 20.1 was R15 840. The financial year-end of

Lunas Art Club is 31 December.

The

amount of membership fees received for the current financial year is …

Instructions:

1.  Round off to the nearest Rand (eg: 50.56 is 51)

2.  Only show the amount, do not show the R (eg: 12141)