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i need 100% accurate answer and also need all requirements Required: 1. Use the notes to determine and record adjusting entries needed on December 31
i need 100% accurate answer and also need all requirements
Required: 1. Use the notes to determine and record adjusting entries needed on December 31 for (a) supplies used up, (b) insurance costs, (c) using up the car's benefits, (d) salaries not yet accounted for, and (e) income taxes for the year. 2. Post the adjusting entries from requirement 1 to T-accounts to determine new adjusted balances, and prepare an adjusted trial balance. (If you are completing this exercise using the general ledger tool in Connect, this requirement will be completed automatically for you.) 3. Using the adjusted balances from requirement 2, prepare an income statement, statement of retained earnings, and classified balance sheet. Refer to Exercise E4-19 in your Textbook (pages 194-195). Based on the given information, prepare the adjusting journal entries of Daily Driver, Inc. General Notes: - Do not include the dollar sign - Do not include the penny value. Round the numbers to the nearest whole number. - Use commas to separate numbers/amounts/balances greater than 999. Example: 1,850Step by Step Solution
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