CH [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 Debit Credit Further Information Supplies $ 4,400 As reported on December 31 bank statenent. Prepaid Rent 4,900 Based on count, only $1,600 of supplies still exist. 7,800 This amount was paid November 1 for rent through the end Accounts Payable of January. $ 1,800 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $510 of utility services through December 31 for which it has not yet been titled. Salaries and Wages @ Stylists have not yet been paid $150 for their work on Payable December 31. Income Tax Payable @ The company has paid last year's income taxes but not this year's taxes. Common Stock 2,600 This amount was contributed for common stock in prior years. Retained Earnings 900 This is the balance reported at the end of last year, Service Revenue 85,700 Customers pay cash when they receive services, Salaries and Wages Expense This is the cost of stylist wages through December 3. Utilities Expense 12,800 This is the cost of utilities through December 15. Rent Expense 26,000 This year's rent was $2,600 per month Supplies Expense 5,400 This is the cost of supplies used through November 30. 0 Income Tax Expense The company has an average tax rate of 251. $91, nee 591,000 Totals 29,700 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair Balan Bot Ascot Rata come statement en 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair. Adj. Balance Sheet Account Related Income Statement Account Amount (2) (3) (4)