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 $1,850 220 Prepaid Insurance 2,050 Equipment 74,000 Accumulated Depreciation Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 12,200 Supplies Expense 270 Depreciation Expense Insurance Expense e Fuel Expense Income Tax Expense 2,100 8 Totals $92,690 e 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. $4,440 The car will be two years old at the end of December. e DDI has not yet paid or recorded $1,140 of salary for December. DDI paid all its taxes from last year. 42,000 DDI issued 8,400 shares at $5 each. 6,280 This is the total accumulated earnings to January 1 of this year. 39,970 All revenue is received in cash when the service is given. $92,690 DDI's only employee receives a salary of $1,140 for December. This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $4,440 per year. No car insurance has been paid for next year. All fuel is paid for in cash. DOI's tax rate is 20% of income before tax. Adjusted Cash No. Date Debit Dec 31 General Ledger Account Supplies Credit Balance No. Date Debit Credit Balance 1,850 Dec 31 220 1 Dec 31 190 30 Prepaid Insurance No. Date Debit Dec 31 2 Dec 31 Credit Balance No. 2,050 Date Dec 31 2,050 0 3 Dec 31 Accumulated Depreciation Debit Credit Balance 4,440 4,440 8,880 Equipment No. Date Debit Credit Balance Dec 31 74,000 Salaries and Wages Payable No. Date Debit Credit Balance Dec 31 0 4 4 Dec 31 1,140 1,140 Common Stock No. Date Debit Credit Balance No. Dec 31 42,000 Date Dec 31 Retained Earnings Debit Credit Balance 6,280 No. Date Dec 31 Service Revenue Debit Depreciation Expense Credit Balance No. 39,970 Date Dec 31 Debit 3 Dec 31 4,440 Insurance Expense Credit Balance 0 4,440 Salaries and Wages Expense No. Date Debit Credit Balance No. Dec 31 0 Date Dec 31 Debit + 2 Dec 31 2,050 2,050 4 Dec 31 1,140 Credit Balance 12,200 13,340 Supplies Expense Fuel Expense No. Date Debit Credit Balance No. 270 Date Dec 31 Debit Credit Balance 2,100 1 Dec 31 190 460