Part A (20 Marks) The following trial balance has been extracted from the ledger of Peter Paul, a sole trader Pre-adjustment Trial balance as at 31 December 2015: Debit Credit N$ N$ Inventories 01/01/2015 100 000 700 000 Sales 960 000 Stationeny Rent expense 65 000 Rent income 2 600 Salaries 80 000 Sundry expenses 6 350 Interest income 6 750 Receivables control 120000 Payables control 80 000 Investment 90 000 Land and buildings Furniture (purchased 02/01/2014) 410 000 50 000 Capital Drawings 670 000 48 000 1 719 350 1719 350 Additional information: 1. Inventories amounted to N$160 000 as at 31 December 2015. 2. Unused prepaid stationery amounted to N$10 000 as at 31 December 2015. 3. Rent expense amounts to N$5000 per month. The rent for January 2016 had already been paid on 28 December 2015. 4. Rent income according to a sub-letting agreement, amounts to N$ N$200 per month. The rent for January 2016 had already been received on 29 December 2015. 5. Interest on the investment is received every third month. The interest for the last quarter of 2015 was N$2250 and was only received on 11 January 2016. 6. Depreciation on furniture must be written off at 10% per annum, according to the straight-line method. Required: a) Complete the necessary adjustment journal entries. No narration required. (10 Marks) b) Prepare the final trial balance including the adjustments made in (a) (10 Marks)