SHYAM LIMITED MONTH END ADJUSTMENTS ADJUSTED TRIAL BALANCE The following information are the balances extracted from the books of Shyam Ltd. for the month ended 31 December 2019 NAME OF ACCOUNTS Dr. Balance Cr. Balance 36,000 300 Opening stock Buildings 15.000 Debtor Purchases Salaries Sales Discounts Salesume Furniture Office expense 300 00 Purchase returns Interest Travelling expenses Insurance Machinery 8.000 Carriage on purchases 300 Commission 600 Cash in hand Rent and rates Capital Creditors 25,000 8,000 70.100 Following adjustments need to be made: a) Closing stock was valued at 9,000 b) Office expenses: 2,000 and wages: 300 are outstanding c) Depreciate building by 2%, machinery by 10% and furniture by 20% d) Prepaid Insurance: 100 Required: 1. Calculate the cost of Goods Sold 2. Prepare Adjustment Journals for the month of December 2019 3. Prepare Adjusted Trial Balance as on 31 December 2019