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. 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 $1,550 This equals the bank balance. 160 Only windshield washer fluid that cost $30 remains at December 31. 1,750 This amount was paid January 2 for car insurance from January 1 through December 31 of this year. 62,000 This is the car's purchase price. $3,720 The car will be two years old at the end of December ODDI has not yet paid or recorded $1,020 of salary for December. O 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. 11,000 DDI's only employee receives a salary of $1,020 for December. 210 This is the cost of windshield washer fluid used November 30. 0 The car's benefits are being used up about $3,720 per year. No car insurance has been paid for next year. 1,800 All fuel is paid for in cash. 0 DDI's tax rate is 20% of income before tax. $78,470 $78,470 Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Insurance Expense 0 Fuel Expense Income Tax Expense Totals 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 $ 0 0 0 0 0 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 Prepare the statement of retained earnings for the year ended Decer Income Statement :d 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 0 Ending Balance $ 0 Trial Balance ..is question by entering your answers in the tabs below. Statement of General General Income Requirement Trial Balance Retained Balance Sheet Journal Ledger Statement Earnings 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 Oo oa 0 Oo 0
