Vals Hair Emporium is a hair salon. Its unadjusted trial balance as of December 31, 2017, follows, along with information about selected accounts.

Account Name	Debit			Credit			Further Information
Cash	$	15,300					As reported on December 31 bank statement.
Supplies		6,300					Based on count, only $3,700 of supplies still exist.
Prepaid Rent		9,000					This amount was paid November 1 for rent through the end of January.
Accounts Payable				$	2,000		This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $700 of utility services through December 31 for which it has not yet been billed.
Wages Payable					0		Stylists have not yet been paid $200 for their work on December 31.
Income Tax Payable					0		The company has paid last years income taxes but not this years taxes.
Contributed Capital					2,500		This amount was contributed to the company in prior years.
Retained Earnings					1,900		This is the balance reported at the end of last year.
Hair Styling Revenue					105,800		Customers pay cash when they receive services.
Wages Expense		31,600					This is the cost of stylist wages through December 30.
Utilities Expense		13,700					This is the cost of utilities through December 15.
Rent Expense		30,000					This years rent was $3,000 per month.
Supplies Expense		6,300					This is the cost of supplies used through November 30.
Income Tax Expense		0					The company has an average tax rate of 30 percent.
Totals	$	112,200		$	112,200

3. Calculate the desired balances for each account listed in the unadjusted trial balance. VAL'S HAIR EMPORIUM Adjusted Trial Balance At December 31, 2017 Account Titles Debit Credit Totals $ 0 $ 0