LEXOUNDE LIMITED ADJUSTMENT JOURNALS AND ADJUSTED TRIAL BALANCE Following Trial Balance has been extracted from the books of Lexounde Ltd. as on 31 December 2019: ACCOUNTS DEBIT CREDIT Cash in hand 3,400 Bank Balance 18,660 Stock 1" Jan 2018 46,000 Purchase and purchase returns 150.200600 Freehold premises 38.600 Incidental trade expenses 840 Audit fees Commission received Bank overdraft Interest on Bank Overdraft 200 Trade Debes 36,000 Trade Credits 34,670 Wages 25.000 Salaries Capital Drawings 5.000 Income tax 1.500 Investments 4.000 Discount allowed and received 6,300 4,600 Sales return and sales 550 201,350 Bilts receivable 3.200 Office furniture 3.00 Rent 4.000 362,520 362,520 Following month end adjustments need to be incorporated in the above trial balance: a) Stock at 31 December 2019 is 52,000 b) Write off 5% depreciation on freehold premises and 10% on office furniture c) Unpaid wages are 4.200 d) Insurance to the extent of 200 relates to the year 2019 - 2020 e) Charge interest on capital @ 5% and 300 on drawings ) Rent is payable at the rate of 400 per month. Required: 1) Prepare month end adjustment journals for the month of 31 December 2019 2) Prepared adjusted trial balance as on 31 December 2019