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Please answer the given problem below. Thank you. DAILY DAIVER, INC. Pequired: 1. Use the notes to determine and record adjustieg entries needed on December
Please answer the given problem below. Thank you.
DAILY DAIVER, INC. Pequired: 1. Use the notes to determine and record adjustieg entries needed on December 31 for (a) supplies used up, (b) insurance couts, (c) wsing up the car's berefits, (d) salaries not yet accounted for, and (e) income takes for the year. 2. Post the adjusting entries from requirement I 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 (or you.) 3. Using the adjusted balances from requirement 2, prepare an incone statement, satement of retained carnings, and clawsified balance sheet. Closing Journal Entry
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