Mrs. Farhah opened a business called Fairy Studio on January 1, 2020. Fairy Studio provides professional photography and video clip making services to individuals and corporate companies. Fairy Studio's business records in the second year of operation, ended December 31, 2021 are as follows: Accounts Name Balance (RM) 12,000 Bank Accounts Receivable 10,000 Supplies 18,600 Prepaid Advertising 15,600 Equipment 30,000 Accumulated Depreciation - Equipment 3,000 Accounts Payable 9,900 Capital, Mrs. Farhah 72,000 Drawing 6,000 Service Revenue 40,000 Unearned Service Revenue 9,600 Salaries Expenses 25.500 Rental Expenses 6,000 Advertising Expense 2,400 Utility Expenses 3,000 Miscellaneous Expenses 5,400 Additional information: 1. On 1 November 2021, Mrs. Farhah made a loan for Fairy Studio business worth RM30,000. The maturity of this loan is 9 months, with an interest rate of 8%. This transaction has not yet been recorded in Fairy Studio's business account. A review also found the following two transactions: 1. Receipts from customers for the outstanding balance of RM4,200 were recorded as RM420. 11. Payment of the amount due to the supplier amounting to RM1,800 was debited to the account receivable and credited to the bank account. 2. Required: Referring to the additional information, prepare: a) Adjusting entry and correctional entry involved. b) Adjusted trial balance as at 31 December 2021. c) Prepare Fairy Studio Income Statement for the year ended 31 December 2021. d) Prepare Fairy Studio's Financial Position Statement as at 31 December 2021. e) Closing entries to prepare Fairy Studio accounts for the following accounting year