GBV Club is a non-profit organisation that was started by 120 members on 1 January 20.7. The objective of GBV Club is to address gender-based violence that is faced by South African citizens, by conducting workshops, road shows and counselling to perpetrators, victims and those who have not yet experienced it. The constitution of GBV Club indicated the following: (a) Membership fees amount to R1 500 per member per annum. (b) Entrance fees to join the club amount to R150 per member and it should be capitalised. (c) Membership fees needs to increase by 10% at the beginning of every year, starting from 1 January 20.8. (d) GBV Club does not provide members with refunds if they leave the club. In order to prepare the financial statements for the current financial period ended 31 December 20.8, the bookkeeper presented the following information regarding the finances of the club to members at a meeting held on 31 December 20.8: Membership fees and entrance fees: (1) 60 new members joined the club and each member paid their entrance fees of R150. (2) Membership fees received of R306 480 for the current financial year ended 31 December 20.9 Which of the following statements are correct with regard to entrance fees paid by the new members in the current financial period? (a) Entrance fees for the current financial period will form part of the accumulated funds. (b) The journal entry to record entrance fees would be as follows: Description Debit Credit Dr. Bank account R9000 Cr. Membership fee account R9 000 (c) The journal entry to record entrance fees would be as follows: Debit Credit Description Dr. Membership fee account Cr. Entrance fee account R9 000 R9 000 Debit Credit (d) The journal entry to record entrance fees would be as follows: Description Dr. Bank account Cr. Entrance fee account R9 000 R9 000 (e) Entrance fee will be shown in the income and expenditure statement as revenue. A. (a) and (b) B. (d) and (e) C. (c) and (a) D. (a), (d) and (e) . a E. (a) and (d)