Required information PA4-4 (Algo) Identifying and Preparing Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-3, LO 4-6] [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 Names Cash Supplies Prepaid Rent Accounts Payable Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Debit $ 3,900 Credit 4,400 6,300 Further Information As reported on December 31 bank statement. Based on count, only $1,350 of supplies still exist. This amount was paid November 1 for rent through the end of January. $1,550 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $460 of utility services through December 31 for which it has not yet been billed. 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. 2,100 This amount was contributed for common stock in prior years. 800 This is the balance reported at the end of