Pls solve ASAP Only adjusting journal entries are record. It will be appraised i hv only 30 mins.

ACTIVITY 6.2 Required: Draft journal entries for the adjustments only. Provide narrations Information: The following was extracted from the records of Maponya Stores on 28 February 2012, the end of the financial period: Mortgage bond: ABSA Bank (12 % p.a.) R 1350 000 Land and buildings at cost 1 000 000 Accumulated depreciation on buildings 112 500 Trade debtors 230 950 Provision for doubtful debts 4 600 Trading inventory 110 200 Packing materials 12 100 Bad debts 1 485 Insurance 12 600 Salaries 99 000 Rent income 143 000 Interest on mortgage bond 67 500 Adjustments: 1. Maponya Stores uses the perpetual inventory system. On 28 February 2012, after a physical stock-take, the following was disclosed: unsold trading inventory was valued at R109 000; and unused packing materials totalled, Ri 100. 2. The mortgage bond with ABSA Bank was secured on 1 September 2011. Interest is payable monthly in arrears. 3. Land is valued at R250 000. Land is not depreciated. Buildings are depreciated at 15% pa on the diminished balance value 4. It was decided to write off the account of Miss Leed, a debtor owing R85. 5. Adjust the provision for doubtful debts to 2 % of good book debts. 6. The insurance policy for one year was signed on 1 April 2011 7. Included in the rent income amount is rent received for March 2012 8. The bank statement for February 2012 was only received on 15 March 2012. Included on the bank statement was an amount of R300 interest earned on current account which did not appear in the financial records of Maponya Stores