Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as information about selected accounts. of December 31, 2018, follows, along with Account Names Debit Further Information Credit $ 3,500 Cash As reported on December 31 bank statement. Based on count, only $1, 150 of supplies still exist. This amount was paid November 1 for rent through the end of January This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $420 of utility services through December 31 for which it has not yet been billed. Supplies Prepaid Rent 4,000 5, 100 Accounts Payable $ 1,350 Stylists have not yet been paid $200 for their work on Salaries and Wages Payable Income Tax Payable 0 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 1,700 Common Stock years. This is the balance reported at the end of last year. Customers pay cash when they receive services. 800 Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense 70,950 28, 800 This is the cost of stylist wages through December 30. This is the cost of utilities through December 15. This year's rent was $1, 700 per month. This is the cost of supplies used through November 30. The company has an average tax rate of 25 %. 11, 900 17,000 4, 500 $74, 800 $74, 800 Totals 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and ind adjustment for each pair. Amount Related Income Statement Account Balance Sheet Account Adj. 2,850 Supplies Expense Rent Expense Utilities Expense Salaries and Wages Expense Income Tax Expense Supplies (1) Prepaid Rent (2) + Accounts Payable (3) Salaries and Wages Payable (4) Income Tax Payable