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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. Customers pay
Val's Hair Emporium operates a hair salon, Its unadjusted trial balance as of December 31, 2021, follows, along with information about selected accounts. Customers pay cash when they receive services. This is the cost of atylist wagos through December 30 . This is the cost of utilities through December 15 . Fhis year' i rent vas $2,500 per month. Thin ia the cost of supplies utied through Wovenber 30 . The company has an average cax rate of 30t. Customers pay cash when they receive tervices, Thin is the cost of atylist wagos through December 30 . This is the cost of utilities through December 15 . Fhis yoar' 1 rent vas $2,500 per month. Thit in the cost of supplies utied through kovember 30. The company has an average cax cate of 30sin 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair. (x) Answer is complete but not entirelv correct. 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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