Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Credit Account Names Cash Supplies Prepaid Rent Debit $ 3,800 4.300 6,000 Accounts Payable $ 1,500 salaries and Wages Payable 0 Further Information As reported on December 31 bank statement. Based on count, only $1,300 of supplies still exist. This amount was paid November 1 for rent through the end of January This represents the total amount of billo received for supplies and utilities through December 15. Val estimates that the company has received $450 of utility services through December 31 for which it has not yet been billed. Stylists have not yet been paid $150 for their work on December 31. The company has paid last year's income taxes but not this year's taxes. This amount was contributed for common stock in prior years. This is the balance reported at the end of last year. Customers pay cash when they receive services. This is the cost of stylist wagen through December 30. This is the cost of utilities through December 15. This year's rent was $2,000 per month. This is the cost of supplies used through November 30. The company has an average tax rate of 301 Income Tax Payable 0 Common Stock 2,000 900 75,000 Retained karnings Service Revenue Balaries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Hxpenne Totals 29,100 12,200 20,000 4.800 0 380,200 S80, 200 PA4-4 Part 2 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair. 900 75,800 Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense Totala 29, 100 12,200 20,000 4,800 0 $80,200 years. This is the balance reported at the end of last year. Customers pay cash when they receive services. This is the cost of stylist wages through December 30. This is the cost of utilities through December 15. This year's rent was $2,000 per month. This is the cost of supplies used through November 30. The company has an average tax rate of 301. $80,200 PA4-4 Part 2 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair Balance Sheet Account Supplies Prepaid Rent Answer is not complete. Related Income Statement Account Supplies Expense Rent Expense 9 Amount $ 3,000 Adj. (1) (2) (3) (4)