I need help with these sheets. The information required is attached. The workbook is a bit confusing.

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 $ 3, G80 As reported on December 31 bank statement. Supplies 4, 180 Based on count, only $1, 280 of supplies still exist. Prepaid Rent 5, 480 This amount was paid November 1 for rent through the end of January . Accounts $ 1,480 This represents the total amount of bills received for supplies Payable and utilities through December 15. Val estimates that the company has received $430 of utility services through December 31 for which it has not yet been billed. Salaries and Wages Stylists have not yet been paid $158 for their work on December Payable Income Tax 31. The company has paid last year's income taxes but not this year's Payable taxes. Common Stock 1,880 This amount was contributed for common stock in prior years. Retained 980 Earnings This is the balance reported at the end of last year. Service 72,580 Revenue Customers pay cash when they receive services. salaries and 28,980 Wages Expense This is the cost of stylist wages through December 38. Utilities Expense This is the cost of utilities through December 15. Rent Expense This year's rent was $1, 880 per month. Supplies 4, 680 Expense This is the cost of supplies used through November 38. Income Tax Expense The company has an average tax rate of 25%. Totals $76, 680 $76,680 Required: 1 Prepare the (preliminary) unadjusted net Income statement for the year ended December 31, 2018. VAL'S HAIR EMPORIUM Unadjusted Income Statement (Preliminary]Required Information [ The following Information apples 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 $ 3,680 As reported on December 31 bank statement. Supplies 4,180 Based on count, only $1, 280 of supplies still exist. Prepaid Rent 5,480 This amount was paid November 1 for rent through the end of January. Accounts $ 1,480 This represents the total amount of bills received for supplies Payable and utilities through December 15. Val estimates that the company has received $430 of utility services through December 31 for which it has not yet been billed. Salaries and Wages Stylists have not yet been paid $150 for their work on December Payable 31. Income Tax B The company has paid last year's income taxes but not this year's Payable taxes. Common Stock 1 880 This amount was contributed for common stock in prior years. Retained Earnings This is the balance reported at the end of last year. scrvice Revenue Customers pay cash when they receive services. salaries and 28,980 Wages Expense This is the cost of stylist wages through December 38. Utilities Expense This is the cost of utilities through December 15. Rent Expense 18 , 080 This year's rent was $1, 880 per month. Supplic 4, 680 Expense This is the cost of supplies used through November 38. Income Tax Expense The company has an average tax rate of 25%. Totals $76, 680 $76.680 Nome the five pairs of balance sheet and Income statement accounts that require adjustment and Indicate the amount of adjustment for each pair. Balance Sheet Account Related Income Statement Account Amount 14)Account Nanes Debit Credit Further Information Cash $ 3, 680 As reported on December 31 bank statement. Supplies 4, 180 Based on count, only $1, 280 of supplies still exist. Prepaid Rent 5,480 This amount was paid November 1 for rent through the end of January. Accounts $ 1, 480 This represents the total amount of bills received for supplies Payable and utilities through December 15. Val estimates that the company has received $430 of utility services through December 31 for which it has not yet been billed. salaries and Wages Stylists have not yet been paid $150 for their work on December Payable 31. Income Tax The company has paid last year's income taxes but not this year's Payable taxes. Common Stock 1, 880 This amount was contributed for common stock in prior years. Retained 980 Earnings This is the balance reported at the end of last year. Service 72, 580 Revenue Customers pay cash when they receive services. salaries and 28, 980 Wages Expense This is the cost of stylist wages through December 38. utilities 12,080 Expense This is the cost of utilities through December 15. Rent Expense 18, 080 This year's rent was $1, 880 per month. Supplies 4,680 Expense This is the cost of supplies used through November 38. Income Tax Expense The company has an average tax rate of 25%. Totals $76,680 $76, 680 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, Vow tramaction Int Journal entry worksheet 2 3 4 Record the adjusting entry for supplies. Main! Enter debts balers aredis Tranceation General Journal Debit Credit Record entry Clear witry Wwww panard journalAccount Names Debit Credit Further Information Cash $ 3, 680 As reported on December 31 bank statement. Supplies Based on count, only $1, 280 of supplies still exist. Prepaid Rent 5,480 This amount was paid November 1 for rent through the end of January. Accounts $ 1, 480 This represents the total amount of bills received for supplies Payable and utilities through December 15. Val estimates that the company has received $430 of utility services through December 31 for which it has not yet been billed. Salaries and Wages Stylists have not yet been paid $150 for their work on December Payable 31. Income Tax The company has paid last year's income taxes but not this year's Payable taxes. Common Stock 1, 880 This amount was contributed for common stock in prior years. Retained 980 Earnings This is the balance reported at the end of last year. Service 72, 580 Revenue Customers pay cash when they receive services. salaries and 28, 980 Wages Expense This is the cost of stylist wages through December 38. utilities 12, 080 Expense This is the cost of utilities through December 15. Rent Expense 18, 080 This year's rent was $1, 880 per month. Supplies 4, 680 Expense This is the cost of supplies used through November 38. Income Tax Expense The company has an average tax rate of 25%. Totals $76, 680 $76, 680 4-9. Prepare the adjusted net Income that the company should report for the year ended December 31, 2018. 4-b. By what dollar amount did the adjustments In requirement (3) cause net Income to Increase or decrease? Complete this question by entering your answers in the tabs below. Any 4A Prepare the adjusted net income that the company should report for the year ended December 31, 2018. VAL'S HAIR EMPORIUM Income StatementAccount Nance Debit Credit Further Information Cash $ 3, 680 As reported on December 31 bank statement. Supplies 4,180 Based on count, only $1, 280 of supplies still exist. Propaid Rent 5,480 This amount was paid November 1 for rent through the end of January. Accounts $ 1, 480 This represents the total amount of bills received for supplies Payable and utilities through December 15. Val estimates that the company has received $430 of utility services through December 31 for which it has not yet been billed. Salaries and Wages Stylists have not yet been paid $150 for their work on December Payable 31. Income Tax The company has paid last year's income taxes but not this year's Payable taxes. Common Stock 1, 880 This amount was contributed for common stock in prior years. Retained 980 Earnings This is the balance reported at the end of last year. Service 72, 580 Revenue Customers pay cash when they receive services. Salaries and 28, 980 Wages Expense This is the cost of stylist wages through December 38. Utilities 12,080 Expense This is the cost of utilities through December 15. Rent Expense 18, 080 This year's rent was $1, 280 per month. Supplies 4, 680 Expense This is the cost of supplies used through November 38. Income Tax Expense The company has an average tax rate of 25%. Totals $76,680 $76, 680 4-9. Prepare the adjusted net Income that the company should report for the year ended December 31, 2018. 4-b. By what dollar amount did the adjustments In requirement (3) cause net Income to Increase or decrease? Complete this question by entering your answers in the tabs below. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Not have