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B [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,

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B [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 Cash Supplies Prepaid Rent Debit $ 3,300 3,800 4.500 Accounts Payable Salaries and Wages Payable Income Tax Payable Credit Purther Information As reported on December 31 bank statement. Based on count, only $1,050 of supplies still exist. This amount was paid November i for rent through the end of January $ 1.250 This represents the total amount of billo received for supplies and utilities through December 15. Val estimates that the company has received $400 of utility services through December 31 for which it has not yet been billed. 0 Stylists have not yet been paid $150 for their work on December 31. 0 The company has paid last year's income taxes but not this year's taxes. 1,500 This amount was contributed for common stock in prior years. 900 This is the balance reported at the end of last year. 67,550 Customers 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 $1,500 per month This is the cost of supplies used through November 30. The company has an average tax rate of 308. $71,200 Connon Stock 28,600 Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense Totals 11,700 15,000 4,300 0 $71,200 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair Totale 2. Name the five palrs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair Amount Related Income Statement Account Balance Sheet Account Adi (1) 12 03) (4) (5) #1 4. Required information Journal entry worksheet 3 of 4

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