Prepare the adjusting journal entries that are required at December 31, 2018.
AVELER Check 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 Cash Supplies Prepaid Rent Debit $ 3,200 3,700 4,200 Accounts Payable Credit Further Information As reported on December 31 bank statement Based on count, only $1,000 of supplies still exist. This amount was paid November 1 for rent through the end of January. $ 1,200 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $390 of utility services through December 31 for which it has not yet been Dilled. Stylists have not yet been paid $200 for their work on December 31. The company has paid last year's income taxes but not this year's taxes. 1.400 This amount was contributed for common stock in prior years. 800 This is the balance reported at the end of last year. 66,000 Customers pay cash when they receive services. Salaries and Wages Payable Income Tax Payable Common Stock 28,500 Retained Earnings Service Revenue Sataries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense Totals 11,600 14,000 4,200 e $69,400 This is the cost of stylist wages through December 30. This is the cost of utilities through December 15. This year's rent was $1,400 per month This is the cost of supplies used through November 3e. The company has an average tax rate of 309. $69,400 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.) ezto.mineducation.com Connect mework (Algo) Saved 2. IN THE HISTORIALLISI. 210. viure Required information View transaction list Journal entry worksheet 2 3 1 4 5 Record the adjusting entry for supplies. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal MAS Connect Saved work (Algo) PILIH CINTAI HINULLE JUICERET VIL Required information View transaction list Journal entry worksheet MacBook work (Algo) FIM HUMINISTRI I LLUI, BET TV Required information View transaction list Journal entry worksheet 2 300 4 5 > Record the adjusting entry for utilities expense. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general journal & Prev Next > ework (Algo) Saved 2. PIMECURI HUU UHL al. ZUIO FERVIS Required information View transaction list Journal entry worksheet 1 2 3 4 5 Record the adjusting entry for salaries and wages. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal FILLS HULLE SE ZUID *** TIVES Required information View transaction list Journal entry worksheet
