Daily Driver, Incorporated (DDI), operates a driving service through a popular ride-sharing app. DDI has prepared a list of unadjusted account balances at its December 31 year-end. You have reviewed the balances and made notes shown in the right column. DAILY DRIVER, INCORPORATED Unadjusted Trial Balance Account Name Debit Cash Supplies $1,550 160 Prepaid Insurance 1,750 Equipment 62,000 Accumulated Depreciation Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages 11,000 Expense Supplies Expense 210 Depreciation Expense Insurance Expense Fuel Expense 1,800 Income Tax Expense 0 Totals $78,470 0 At December 31 Credit Notes This equals the bank balance. Only windshield washer fluid that cost $30 remains at December 31. This amount was paid January 2 for car insurance from January 1 through December 31 of this year. This is the car's purchase price. $3,720 The car will be two years old at the end of December. DDI has not yet paid or recorded $1,020 of salary for December. DDI paid all its taxes from last year. 36,000 DDI issued 7,200 shares at $5 each. 5,980 This is the total accumulated earnings to January 1 of this year. 32,770 All revenue is received in cash when the service is given. $78,470 DDI's only employee receives a salary of $1,020 for December. This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $3,720 per year. No car insurance has been paid for next year. All fuel is paid for in cash. DDI's tax rate is 20% of income before tax. Totals $78,470 $78,470 Answer is not complete. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Prepare the adjusting journal entries for the year ended December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date 1 Dec 31 Supplies Expense Supplies 2 Dec 31 Insurance Expense Prepaid Insurance 3 Dec 31 Depreciation Expense Accumulated Depreciation General Journal 4 Dec 31 Salaries and Wages Expense Salaries and Wages Payable 5 Dec 31 Income Tax Expense Income Tax Payable Debit Credit 130 130 1,750 1,750 3,720 3,720 1,020 1,020 2,858 2,858 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Use the drop-down to select the accounts properly included on the income statement. The unadjusted and adjusted balances will appear for each account based on your selection. Adjusted DAILY DRIVER, INCORPORATED Income Statement For the Year Ended December 31 ok service evenue 34,110 ALL revenue is received in cash when the service is given.. DDI's only employee receives a salary of $1,020 for December. This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $3,720 per year. No car insurance has been paid for next year. All fuel is paid for in cash. DDI's tax rate is 20% of income before tax. Salaries and Wages 11,000 Expense Supplies Expense 210 Depreciation Expense 0 Insurance Expense Fuel Expense 1,800 Income Tax Expense Totals $78,470 $78,470 Complete this question by entering your answers in the tabs below. t Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet inces Prepare the statement of retained earnings for the year ended December 31. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. Adjusted DAILY DRIVER, INCORPORATED Statement of Retained Earnings For the Year Ended December 31 Beginning Balance Ending Balance Totals $78,470 $78,470 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Income. Statement Statement of Retained Earnings Balance Sheet Use the dropdowns to select the accounts properly included on the classified balance sheet. The unadjusted and adjusted balances will appear for each account, based on your selection. Adjusted DAILY DRIVER, INCORPORATED Balance Sheet December 31 $ 0 0 0 0 0 0 < Statement of Retained Earnings Batance Sheet > $ 0 0 0 0 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Each journal entry is posted automatically to the general ledger. Adjusted General Ledger Account Supplies Cash No. Date Dec 31 Debit Credit Balance No. Date Debit Credit Balance 1,560 Dec 31 160 1 Dec 31 130 30 Prepaid Insurance No. Date Dec 31 Debit 2 Dec 31 Accumulated Depreciation Credit Balance No. Date Debit 1,750 Dec 31 3 Dec 31 Credit Balance 3,720 3,720 7440 1,750 Equipment No. Date Debit Credit Balance No Date Dec 31 62.000 Dec 31 Dec 31 Salaries and Wages Payable Debit Credit Balance 1,020 1,020 Income Tax Payable No Date Debit Dec 31 5 Dec 31 Credit Balance No. Date Dec 31 Common Stock Debit Credit Balance 36,000 2,858 2.868 No Date Dec 31 Retained Earnings Debit Credit Balance No. 5,980 Date Dec 31 Service Revenue Debit Credit Balance 32,770 Depreciation Expense Insurance Expense No Date Debit Dec 31 3 Dec 31 Credit Balance No. 3,720 3,720 2 Date Dec 31 Dec 31 Debit Credit Balance 1,750 1,750 Salaries and Wages Expense Supplies Expense No. Date Dec 31 Dec 31 Debit Credit Balance No. Date Debit Credit Balance 1,000 11.000 12.020 1 Dec 31 130 210 340 Income Tax Expense No. Date Dec 31 Debit Credit Balance No. Date Dec 31 Fuel Expanse Debit Credit Balance 1,300 2.458 2,858