Section C 20 Marks) CI The trial balance of Star Comparry at December 31, 2019 is shown below. [SK2: 10 marks Star Company Trial Balance December 31, 2019 Credit Debit Accounts 25,000 Cash Prepaid Insurance 55,000 Supplies 27,500 Equipment 600,000 Accumulated 112,500 Depreciation - Equipment Notes Payable 100,000 Accounts Payable 60,000 Star Capital 382,500 Star Drawings 60,000 Service Revenue 122,500 Utilities Expense 10,000 Total 777,500 777,500 Other information: 1. Rent owed $15,000. 2. A physical 3. Depreciation of equipment for December was $10,000. 4. The amount of insurance that expired in the month of December was 5. Salaries owed for the month of December but will not be paid until January, 2020 was $20,000. the month of December but will not be paid until January, 2020 wa as count of supplies indicates $7,500 on hand at December 31. $5,000. Required: Prepare the adjusting entries required b. Prepare the adjusted trial balance on December 31, 2019. (5 marks) a. on December 31, 2019