Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2013, follows along with information about selected accounts Credit Account Names Cash Supplies Prepaid Rent Utilities Payable Further Information As reported on December 31 bank statement. Based on count, only $1,400 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 utilities through December 15. Val estimates that the company has received $470 of utility services through December 31 for which it has not yet been billed Debit $ 4,000 4,500 6,600 $ 1,600 Wages Payable Income Tax Payable Contributed Capital Retained Earnings Service Revenue Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense 0 Stylists have not yet been paid $100 for their work on December 31 0 The company has paid last year's income taxes but not this year's taxes. 2,200 This amount was contributed to the company in prior years 700 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 $2,200 per month This is the cost of supplies used through November 30 The company has an average tax rate of 30% 79,300 29,300 12,400 22,000 5,000 Totals $ 83,800 S83,800