4. BALANCE DAY ADJUSTMENTS (a) From the following information, prepare General Journal entries for the balance day adjustments (narrations are not required). (i) Wages and salaries due at balance date for 6 working days. Wages and salaries per fortnight are K3,500 (i.e. 10 days fortnight). (ii) The company operates a periodic inventory system. Stock on hand at balance date is K15,500. (iii) The balance of long service leaves in the trial balance at balance date is K39,000. The actual amount owing to employees at balance date is K50,000. (iv) A company operates a periodic inventory system and does not have a debtors' ledger. At balance date 30 September 2019 K37,600 is owed by Errgamga Ltd for goods supplied on 26 September 2019. (v) The company has a term deposit of K200,000 which was placed on 1 July 2019 for six months at a rate of 2.5% per annum. The company's balance date is 31 December 2019. (vi) A company's insurance policy expired on 31 March 2019. On 1 April 2019, the company took out a new policy for the period 1 April 2019 to 31 March 2020. The insurance premium of K15,000 was fully expensed upon payment. The Company's Balance date is 31 December 2019. (b) Provide the reversing entry for balance day adjustment (a)(vi) only.