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Required information [The following information applies to the questions displayed below] Vars Hair Emporium operates a hair salon, its unadjusted trial balance as of December

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Required information [The following information applies to the questions displayed below] Vars 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 Supplies Prepaid Rent the end of Accounts Payable $ 1,150 Payable Income Tax Payable Further reformation As reported on December 31 bank statement Based on count, only $950 of supplies st111 exist. This amount was paid November 1 for rent through the end of This represents the total amount of bits received for Supplies and utilities through December 15. Val estimates that the company has received $10 of wilty Services through December 31 for which it has not yet been billed.. Stylists have not yet been paid $100 for their work on December The company has paid last year's income taxes but not this This amount was contributed for common stock in prior years. This is the balance reported at the end of a year Customers pay cash when they receive l es This is the cost of stylist wages through December stylist wages through This is the cost of utilities through December 15. This year's runt was $1,300 per month This is the cost of supplies sied through November 30. The y has an werage tax rate of 251 Common Stock Retained fornings Salaries and Rent Expense Tecome Tax Expense Total 567,500 3. Prepare the adjusting loumal entries that are requred at December 31, 2018. (If no entry is required for a transaction/event, select 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.) Part 3 of 4 View transaction list Journal entry worksheet eBook 1 2 3 Record the adjusting entry for income Note: Enter debits before credits Credit Transaction e General Journal income Tax Expense income Tax Payable TTTT Record entry Clear entry View general journal

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