Required information

PA4-4 Identifying and Preparing Adjusting Journal Entries [LO4-1, LO 4-2, LO 4-3, LO 4-6]

[The following information applies to the questionsdisplayed below.]

Val’s Hair Emporium operates a hair salon. Its unadjusted trialbalance as of December 31, 2018, follows, along with informationabout selected accounts.

Account Names	Debit				Credit				Further Information
Cash	$	2,800							As reported on December 31 bank statement.
Supplies		3,300							Based on count, only $800 of supplies still exist.
Prepaid Rent		3,000							This amount was paid November 1 for rent through the end ofJanuary.
Accounts Payable					$	1,000			This represents the total amount of bills received for suppliesand utilities through December 15. Val estimates that the companyhas received $350 of utility services through December 31 for whichit has not yet been billed.
Salaries and Wages Payable						0			Stylists have not yet been paid $100 for their work on December31.
Income Tax Payable						0			The company has paid last year’s income taxes but not thisyear’s taxes.
Common Stock						1,000			This amount was contributed for common stock in prioryears.
Retained Earnings						700			This is the balance reported at the end of last year.
Service Revenue						59,500			Customers pay cash when they receive services.
Salaries and Wages Expense		28,100							This is the cost of stylist wages through December 30.
Utilities Expense		11,200							This is the cost of utilities through December 15.
Rent Expense		10,000							This year’s rent was $1,000 per month.
Supplies Expense		3,800							This is the cost of supplies used through November 30.
Income Tax Expense		0							The company has an average tax rate of 30%.
Totals	$	62,200			$	62,200

PA4-4 Part 1

Required:

1. Prepare the (preliminary) unadjusted net income statement forthe year ended December 31, 2018.

I have

Revunues

Service Revunue $59,500

Total Revnues 59,500

Expenses

Salaries and wages Expense 28,100

Utilities Expense 11,200

Rent Expense 10,000

Supplies Expense 3800

Income Tax Expense 0

Total Expenses 53,100

Net Income 6400

Now part 2

Name the five pairs of balance sheet and income statementaccounts that require adjustment and indicate the amount ofadjustment for each pair.

1 Supplies - Supplies Expense Amount $2500

2 Prepaid Rent - Rent Expense $2000

3 Accounts Payable Utilities Expense $350

4 Salaries and wages payable- Salaries and wages expense$100

5 Income tax payable - income tax expense $0

part 3

PA4-4 Part 3

3. Prepare the adjusting journal entries that are required atDecember 31, 2018. (If no entry is required for atransaction/event, select "No Journal Entry Required" in the firstaccount field.

Not sure on this part or how to get income tax payable,any help would be greatly appreciated

PA4-4 Part 4

1. 4-a. Prepare the adjusted net income that thecompany should report for the year ended December 31, 2018.
2. 4-b. By what dollar amount did the adjustmentsin requirement (3) cause net income to increase or decrease?

and this is the end of the question I need to order each one insteps 1,2,3,4 I appreciate the help a lot it will help me learn howto solve this thanks!