7 Part 3 of 4 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, 2021, follows, along with Information about selected accounts 318 points bebis 0 4.700 Spo , Cash upplies Prepaid Rent Accounts Payable 5,200 0,700 Book Print References Salaries and Wages Payable Income Tax Tayable Common stock Retained tarnings Service Revenue Salaries and Wages Expense Utilities Expand Credit Puther formation A reported on December 31 bank statement Based on count, only $1,750 o wpplies Il exist. This aunt was paid November 1 for rent through the end of January 3 1.950 This represents the total amount of billa received to supplies and lition through December 15. Valstnates that the company has received 6540 of utility services through December 31 for which it has not yet been billed. styllata have not yet been paid $150 for their work on December 31. The company has paid last year's Enco tax but not this year's taxes. 2.900 This amount was contributed to como toek in prior years. 900 This the balance reported at the end at last year. 90,650 Customer pay cash when they receive Services This is the cost of stylist wages through December 30. This is the cost of utilities through December 15. This year's rent was $2,900 per month. This is the cost of supplies used through November 30. The company has an average tax rate of 301. 30,000 13.100 Rent Expense Supplies Expense Income Tax Expense 29,000 5.700 0 Totala 96,400 3. Prepare the adjusting Journal entries that are required at December 31, 2021. (if no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Swipped "No Journal Entry Required" in the first account field.) View transaction list Book Journal entry worksheet Print