Answered step by step
Verified Expert Solution
Question
1 Approved Answer
could use some help on these! if you could please make sure the answers dont get cut off when you post them thatd be amazing!!
could use some help on these! if you could please make sure the answers dont get cut off when you post them thatd be amazing!!
Account Name Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings DAILY DRIVER, INCORPORATED Unadjusted Trial Balance At December 31 Debit Credit Notes $ 1,900 This equals the bank balance. 230 Only windshield washer Fluid that cost $30 remains at December 31. 2,100 This amount was paid January 2 for car insurance from January 1 through December 31 of this year. 76,000 This is the car's purchase price $ 4,560 The car will be two years old at the end of December 0 DDT has not yet paid or recorded $1,160 of salary for December 0 DDI paid all its taxes from last year. 43,000 DDI issued 8,600 shares at 65 each 6,330 This is the total accumulated earnings to January 1 of this year. 41,170 All revenue is received in cash when the service is given. 12,400 DDI's only employee receives a salary of $1,160 for December. 280 This is the cost of windshield washer fluid used to November 30. 0 The car's benefits are being used up about $4,560 per year. 0 No car insurance has been paid for next year. 2,150 All fuel is paid for in cash. 0 DDI's tax rate ia 201 of income before tax. $ 95,060 $ 95,060 Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Insurance Expense Fuel Expense Income Tax Expense Totals Journal entry worksheet Record the adjusting entry for supplies If only windshield washer fluid that cost $30 remains at December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit a Journal entry worksheet Record the adjusting entry if $2,100 was paid on January 2 for car Insurance from January 1 through December 31 of this year. Note: Enter debits before credits. Transaction General Journal Debit Credit b Journal entry worksheet Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started