[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 Debit Credit Further Information Cash $ 3,900 As reported on December 31 bank statement. Supplies 4,400 Based on count, only $1,350 of supplies still exist. Prepaid Rent 6,300 This amount was paid November 1 for rent through the end of January. Accounts Payable $ 1,550 This represents the total amount of billo 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. Salaries and Wages Payable o stylists have not yet been said $200 for their work on December 31. Income Tax Payable 0 The company has paid last year's income taxes but not this year's taxes. Common Stock 2,100 This anount was contributed for common stock in prior years. Retained Earnings 800 This is the balance reported at the end of last year. Service Revenue 77,550 Customers pay cash when they receive Salaries and Wages Expense 29,200 This is the cost of stylist wages through December 30. Utilities Expense 12,300 This is the cost of utilities through December 15. Rent Expense 21,000 This year's rent was $2,100 per month. Supplies Expense 4,900 This is the cost of supplies used through November 30. Income Tax Expense The company has an average tax rate of 251. Totals $ 82,000 $ 82,000 0 No Transaction General Journal Debit Credit 1 Supplies Expense Supplies 2,650 $ >> 2,650 2 b Rent Expense Prepaid Rent 21,000 6,300 3 c Utilities Expense Accounts Payable ol 4 d Salaries and Wages Expense Salaries and Wages Payable Olo 5 o Income Tax Expense Income Tax Payable Oo