Use the information provided below, for Canoeing Club for the financial year ended 31 March 20.8, to answer questions 14 and 15: PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 MARCH 20.8 R Accumulated fund.. 12 540 Membership fees received. 31 000 Membership fees in arrears - 1 April 20.7 4 000 Membership fees prepaid - 1 April 20.7. 5 000 Donations received. 3 500 56 040 Additional information (a) Entrance fee and donations received must be capitalized. (b) Membership fees: In arrears at 31 March 20.8 . R2 500 Received in advance at 31 March 20.8. R2 000 (c) Five new members joined the club during the year. Each new member paid entrance fee of R200 and this entrance fee was included in membership fees received. (d) Half of the membership fees that were in arrears on 1 April 20.7, must be written off as irrecoverable. (e) Canoeing Club has a deficit of R6 300 for the year ended 31 March 20.8