1. Prepare the Adjusted Trial Balance of Daily Drive, Inc. For the year ended December 31
2. Income statement preparation using the balances from Adjusted Trial Balance, complete the Income Statement of Daily Driver's, Inc. For the year ended, December 31
3. Statement of Retained Earnings using the balances from.the Adjusted Trial Balance Drive Inc. For the year ended, December 31
4. Using the balances from the Adjusted Trial Balance to, complete the Balance Sheet of Daily Driver's, Inc. As of December 31
5. Prepare a closing Journal Entry for the Income Statment accounts of Daily Driver's, Inc
6. 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.