Question

I cannot get any of this figured out correctly, besides putting the accounts in the correct order. Is there anyway I can get help with this please?
Required information [The following information applies to the questions displayed below] Part 3 of 4 Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Credit Account Names Cash Supplies Prepaid Rent Debit $ 3,800 4,300 6,000 Accounts Payable $ 1,500 Salaries and Wages Payable Further Information As reported on December 31 bank statement. Based on count, only $1,300 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 $450 of utility services through December 31 for which it has not yet been billed. 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. This amount was contributed for common stock in prior years. 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 $2,000 per month. This is the cost of supplies used through November 30. The company has an average tax rate of 30%. Income Tax Payable © 2,000 900 75,800 Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense Supplies Expense Income Tax Expense Totals 29,100 12,200 20,000 4,800 $80,200 $80,200 3. Prepare the adjusting journal entries that are required at December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answer 1

No. - Ticarsaction Debit General Journal 3000 3000 4000 Supplies Expense ($4300-1300) Supplies Rent Expense ($6000-2000) Prepaid Rent utilities Expense Accounts Payable 4000 3. 450 950 1! Salaries Salaries and wages Expense and winges payable 630 630 Income tax expense In come tax payable. Service REV = 75800 Less in 2925 written ct 12650 Reet - 2800 - 180 are 210 (3100X3-4): 630 Incertin . 630 Net Income = 76800-73700=1470