QUESTION 1 (70%) The following shows a partially completed worksheet of Stardust Photo Studio: STARDUST PHOTO STUDIO Worksheet December 31, 2019 Unadjusted Trial Balance Adjustments Debit Credit (RM) (RM) Dr Cr 3,500 Adjusted Trial Balance Account Names Debit (RM) 5,300 Credit (RM) Cash Accounts Receivables Office Supplies 6,300 1,400 6,700 600 3,850 33,000 3,300 33,000 Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Capital 8,500 4,200 12,500 4,200 225 200 23,950 22,150 32,000 Withdrawals Service Revenue 32,000 75,900 76,300 Depreciation Expense - Equipment Supplies Expense Utility Expense Salaries Expense 4,000 800 2,425 28,700 2,200 28,500 Insurance Expense Total 550 117,375 110,750 110,750 117,375 Requirements: a) Analyse the worksheet to determine the adjusting entries that account for the differences between the unadjusted trial balance and the adjusted trial balance. Please help Stardust Photo Studio to complete its worksheet. (Label the adjustments using a,b,c..). b) Journalize the adjusting entries. Kindly include an explanation for each entry. c) Prepare the Adjusted Trial Balance, Adjusted Financial Statements (Profit & Loss Statement, Statement of Owner's Equity and Balance Sheet)