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 $ 3,700 Cash 4,200 Supplies Prepaid Rent 5,700 Accounts Payable salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue salaries and Wagen Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense Credit Further Information As reported on December 31 bank statement Based on count, only $1,250 of wupplies still exist. This amount was paid November 1 for rent through the end of January. $ 1,450 This represents the total amount of bills received for supplies and utilition through December 15. Val estimates that the company has received $440 of utility services through December 31 for which it has not yet been billed. 0 Stylists have not yet been paid $10 for their work on December 31. 0 The company has paid last year's income taxes but not this year's taxes. 1,900 This amount was contributed for common stock in prior years. 700 This is the balance reported at the end of last year. 74,350 Customers pay cash when they receive services. This is the cost of stylist wagon through December 30. This is the cost of utilities through December 15 This year's rent was $1,900 per month. This is the cost of supplies and through November 30 The company has an average tax rate of 25. $ 78,400 29,000 12,100 19,000 4,700 0 Total $ 78,400 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 Related Income Statement Account Amount Adjustment (1) (2) (3) (4) (5) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 4A Req 48 By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Not income STARBOOKS CORPORATION Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense O CARR Account Titles Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals $ 0 $ Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Is the Retained Earnings balance of $1,492 the amount that would be reported on the balance sheet as of September 30, 20217 Yes | No