DAILY DRIVER, INCORPORATED Unadjusted Trial Balance At December 31 Account Name Cash Debit $1,850 Supplies 220 Prepaid Insurance 2,050 Equipment Accumulated Depreciation 74,000 Salaries and Wages Payable 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. Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 12,200 Supplies Expense Depreciation Expense Insurance Expense Fuel Expense Income Tax Expense Totals $92,690 $92,690 270 2,100 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. DDI's tax rate is 20% of income before tax. 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.) View transaction list View journal entry worksheet No Date General Journal 1 Dec 31 Supplies Expense Supplies 2 Dec 31 Insurance Expense Prepaid Insurance 3 Dec 31 Depreciation Expense Accumulated Depreciation 4 Dec 31 Salaries and Wages Expense Salaries and Wages Payable 5 Dec 31 Income Tax Expense Income Tax Payable < Requirement General Ledger > Debit Credit 190 190 2,050 2,050 4,440 4,440 1,140 1,140