2 is rent, 3 is utilities expense, 4 is salaries and wages, 5 is income tax.

Required information [The following information applies to the questions displayed below Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts Account Names Debit Credit Further Information Cash Supplies Prepaid Rent $ 3,200 3,780 4,200 As reported on December 31 bank statement. Based on count, only $1,eee of supplies still exist. This amount was paid November 1 for rent through the end of January Accounts $ 1,2e0 This represents the total amount of bills received for supplies Payable and utilities through December 15. Val estimates that the company has received $390 of utility services through December 31 for which it has not yet been billed Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense Stylists have not yet been paid $200 for their work on December 31 0 The company has paid last year's income taxes but not this year's taxes. 1,400 This amount was contributed for common stock in prior years 800 This is the balance reported at the end of last year. 66,000 Customers pay cash when they receive services. 28,500 This is the cost of stylist wages through December 30. 11,600 This is the cost of utilities through December 15 This year's rent was $1,400 per month. This is the cost of supplies used through November 30. The company has an average tax rate of 30% 14,80e 4,280 Totals $69,400 $69,400 3. Prepare the adjusting journal entries that are required at December 31, 2018. (If no entry is required for a transaction/event, select No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal