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please could someone do this? Required information (The following information applies to the questions displayed below.) Val's Hair Emporium operates a hair salon. Its unadjusted
please could someone do this?
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 Account Nomes Debit Credit Further Information Cash $ 3,600 As reported on December 31 bank statement. Supplies 4,100 Based on count, only $1,200 of supplies still exist. Prepaid Rent 5,400 This amount was paid November 1 for rent through the end of January. Accounts Payable $ 1,400 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received 5430 of utility services through December 31 for which it has not yet been billed Salaries and wages Payable Stylists have not yet been paid $150 for their work on December 31. Income Tax Payable The company has paid last year's income taxes but not this year's taxes. Common Stock 1,800 This amount was contributed for common stock in prior years. Retained Earnings 900 This is the balance reported at the end of Service Revenue 72,500 customers pay cash when they receive Services Salaries and Wages Expense 28.900 This is the cost of stylist wages through December 30 Utilities Expense 12,000 This is the cost of utilities through December 15 Rent Expense 10,000 This year's rent was $1,500 per month Supplies Expense 4,600 This is the cost of supplies used through November 30 Income Tax Expense The company has an average tax rate of 25%. Totals 5.70600 $ 76,600 last year: Totals 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.) View transaction list Journal entry worksheet Journal entry worksheet References Record the adjusting entry for utilities expense. Note: Enter debits before credits Transaction General Journal Debit Credit C Record entry Clear entry View general journal Journal entry worksheet Step by Step Solution
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