Prepare the Adjusted Trial Balance of Daily Drive, Inc. For the year ended December 31 Income statement preparation using the balances from Adjusted Trial Balance, complete the Income Statement of Daily Driver's, Inc. For the year ended, December 31Statement of Retained Earnings using the balances from.the Adjusted Trial Balance Drive Inc. For the year ended, December 31Using the balances from the Adjusted Trial Balance to, complete the Balance Sheet of Daily Driver's, Inc. As of December 31Prepare a closing Journal Entry for the Income Statment accounts of Daily Driver's, Inc Prepare the Post-closing Trial of Daily Driver's,Inc at December 31 Daily Drive, INC. Unadjusted Trial Balance Account Name Dr Cr Cash $1000 Supplies 50 Prepaid Insurance 1,200 Equipment 40,000 Accumulated Depreciation $2,400 Salaries and Wages 0 Income Tax Payable 0 Common Stock 25,000 Retained Earnings 5,430 Service Revenue 19,510 Salaries and Wages Expenses 8,800 Supplies Expense 0 Depreciation Expense 0 Insurance Expense 1,250 Fuel Expense 0 Income Tax Expense 52,400 52,400

Daily Driver's Inc.

Unadjusted Trial Balance

At Dec 31

Account Name

Dr Cr Cash $1000 Supplies 50 Prepaid Insurance 1200 Equipment 40,000 Accumulated Depreciation 2,400 Salaries and Wages Payable 0 Income Tax Payable 0 Common Stock 25,000 Retained Earnings 5,430 Service Revenue 19,570 Salaries and Wages Expense 8,800 Supplies Expense 100 Depreciation Expense 0 Insurance Expense 0 Fuel Expense 1,250 Income Tax Expense 0 Use the notes to determine aND record adusting entries needed on Dec. 31 for (a) Supplies Used up, (b) Insurance costs, (c) using up the cars benefits , (d) Salarms not yet acounted for, and (e) income tax for the year.s1 . Adjusting Journal Entry revery to Exercise E4-19 in textbook (pages 195-195) Basked on the given inormative, prepare the adusting jour all enerves of Daily Driver, INC.

2.Prepare the Adusted Trial Balance of Daily Drive, INC. For the year Ended December 31

Steps to complete the addusted Trial Balance

• Post the following into T-Accounts a. Balances of the accounts fro the given Unadjusted Trial Balance
• b. Adjusting Journal Entrie
• Determine the adusted Balances
• Enter the Adjusted Balances in this requirement.

3. Income Statement Preparation Using the balances from the adjusted Trial Balance,complete the income statement of Daily Drive, INC. For the year ended, Decembe 31

4. Statement of Retained Earnings Using the Balance from the Adjusted Trial Balance, complete the statement of Retained Earnings of Daily Drive, INC. For the year, Decembe 31

5. Using the Balances from the Adusted Trial Balances complete the Balance Sheet of Daily Drive, Inc. As of December 31 .

6.Prepare a closing Journal accounts of Daily Drive, INC.

7. Post-closing Trial Balace Preparation

Prepare the post- closing Trial Balance of Daily Drive, Inc. At Decembe 31.