Val's Hall Emporium operates a hall salon Its unadjusted trial balance as of December 31, 2021. follows, along with information about selected accounts Account Names Cash Supplies Prepaid Rent Debit $ 3,300 3,800 4,500 Accounts Payable Salaries and Wages Payable Income Tax Payable Credit Further Information As reported on December 31 bank statement. Based on count, only $1,ese of supplies still exist. This amount was paid November 1 for rent through the end of January. $1,250 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $4ee of utility services through December 31 for which it has not yet been billed. e Stylists have not yet been paid $150 for their work on December 31 The company has paid last year's income taxes but not this year's taxes. 1,500 This amount was contributed for common stock in prior years. 900 This is the balance reported at the end of last year. 67,550 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 $1,500 per month This is the cost of supplies used through November 30. The company has an average tax rate of 30%. $ 71,200 Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 28,608 Utilities Expense 11,700 Rent Expense Supplies Expense 15,000 4,300 Income Tax Expense Totals 8 $ 71,200 PA4-4 (Algo) Part 3 3. Prepare the adjusting journal entries that are required at December 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for salaries and wages. Note: Enter debits before credits. Transaction General Journal Debit Credit d Journal entry worksheet 1 2 3 4 5 Record the adjusting entry for income tax. Note: Enter debits before credits. Transaction General Journal Debit Credit e