Question three: The unadjusted trial balance of Lukas Films Corporation includes the following account balances at December 31, 2020, its fiscal year-end. Assume all accounts have normal debit or credit balances as applicable. Prepaid rent Rwf 1,500 Equipment 2,400 Unearned advertising revenue 1,000 Insurance expense 900 Supplies expense Rwf 600 Telephone expense 825 Wages expense 15,000 The following information applies at December 31: a) A physical count of supplies indicates that Rwf300 of supplies have not yet been used at December 31. b) A Rwf75 telephone bill for December has been received but not recorded. c) One day of wages amounting to Rwf125 remains unpaid and unrecorded at December 31; the amount will be included with the first Friday payment in January. d) The equipment was purchased December 1; it is expected to last 2 years. No depreciation has yet been recorded. e) The prepaid rent is for December 2020, and January and February 2021; rent is Rwf500 per month. f) Half of the advertising revenue has been earned at December 31. g) The Rwf900 amount in Insurance Expense is for a one-year policy, effective July 1, 2020. Required: Prepare all necessary adjusting entries at December 31, 2020. Descriptions are needed.