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Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31,2021 , follows, along with information about selected accounts. 1. Prepare
Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31,2021 , follows, along with information about selected accounts. 1. Prepare the (preliminary) unadjusted net income statement for the year ended December 31,202 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair. Journal entry worksheet 45 Record the adjusting entry for supplies. Note: Enter debits before credits. 4-a. Calculate the adjusted net income that the company should report for the year ended December 31 , 2021. 4-b. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Complete this question by entering your answers in the tabs below. Calculate the adjusted net income that the company should report for the year ended December 31,2021. 4-a. Calculate the adjusted net income that the company should report for the year ended December 31,2021 . 4-b. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Complete this question by entering your answers in the tabs below. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease
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