als Hair Emporium is a hair salon. Its unadjusted trial balance as of December 31, 2017, follows, along with information about selected accounts.

Account Name	Debit			Credit			Further Information
Cash	$	3,800					As reported on December 31 bank statement.
Supplies		4,300					Based on count, only $3,200 of supplies still exist.
Prepaid Rent		6,000					This amount was paid November 1 for rent through the end of January.
Accounts Payable				$	1,500		This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $450 of utility services through December 31 for which it has not yet been billed.
Wages Payable					0		Stylists have not yet been paid $150 for their work on December 31.
Income Tax Payable					0		The company has paid last years income taxes but not this years taxes.
Contributed Capital					2,000		This amount was contributed to the company in prior years.
Retained Earnings					900		This is the balance reported at the end of last year.
Hair Styling Revenue					75,800		Customers pay cash when they receive services.
Wages Expense		29,100					This is the cost of stylist wages through December 30.
Utilities Expense		12,200					This is the cost of utilities through December 15.
Rent Expense		20,000					This years rent was $2,000 per month.
Supplies Expense		4,800					This is the cost of supplies used through November 30.
Income Tax Expense		0					The company has an average tax rate of 30 percent.
Totals	$	80,200		$	80,200

1. Calculate the (preliminary) unadjusted net income for the year ended December 31, 2017.

2. Name the five pairs of balance sheet and income statement accounts that require adjustment. 3. Calculate the desired balances for each account listed in the unadjusted trial balance.

4. Prepare the adjusting journal entries that are required at December 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)