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Val's Hair Emporium is a hair salon. Its December 31, 2020, unadjusted trial balance follows, along with information about selected accounts. Required: Required: 2. Name

image text in transcribedimage text in transcribed Val's Hair Emporium is a hair salon. Its December 31, 2020, unadjusted trial balance follows, along with information about selected accounts. Required: Required: 2. Name the flve pairs of balance sheet and income statement accounts that require adjustment 3. Calculate the desired balances for each account listed in the unadjusted trial balance. 4. Prepare the adjusting journal entries that are required at December 31, 2020. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the supplies based on supples count. Note: Enter dethts batore creatis. 5-a. Calculate the adjusted net income that the company should report for the year ended December 31, 2020

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