problem 2:

general ledger:

trial balance:

income statement:

retained earnings:

balance sheet:

Help Save & Exit Daily Driver, Incorporated (DDI), operates a driving service through a popular ride-sharing app. DDi has prepared a list of unadjusted account balances at its December 31 year-end. You have reviewed the balances and made notes shown in the right column DAILY DRIVER, INCORPORATED Unadjusted Trial Balance At December 31 Account Name Debit Credit Notes Cash $1,350 This equals the bank balance. Supplies 120 Only windshield washer Fluid that cost $30 remains at December 31. Prepaid Insurance 1,550 This amount was paid January 2 for car insurance from January 1 through December 31 of this year. Equipment 54,000 This is the car's purchase price. Accumulated Depreciation $3,240 The car will be two years old at the end of December Salaries and Wages Payable 0 DOI has not yet paid or recorded $940 of salary for December. Income Tax Payable O DI paid all its taxes from last year. Common Stock 32,000 DDT issued 6,400 shares at $5 each. Retained Earnings 5,780 This is the total accumulated earnings to January 1 of this year. Service Revenue 27,970 All revenue is received in cash when the service is given. Salaries and Wages Expense 10,200 DDI only employee receives a salary of $940 for December. Supplies Expense 170 This is the cost of windshield washer fluid used to November 30. Depreciation Expense 0 The care benefits are being used up about $3,240 per year. Insurance Expense 0 No car insurance has been paid for next year. Fuel Expense 1,600 All fuel is paid for in canh. Income Tax Expense O DDI's tax rate is 20% of income before tax. tale 568.990 $68,990 Unadjusted Unadjusted Adjusted General Ledger Account Cash Debit No. Date Dec 31 Credit Supplies Debit No. Date Balance 1,350 Credit Balance 120 Dec 31 No. Prepaid Insurance Debit Date Dec 31 Credit Accumulated Depreciation Debit Credit No. Balance 1,550 Balance Date Dec 31 3,240 Equipment Common Stock No. Debit Credit No. Date Dec 31 Date Debit Credit Balance Balance 54,000 Dec 31 32,000 Retained Earnings Debit Credit Service Revenue No. Date Balance No. Debit Credit Dec 31 5,780 Date Dec 31 Balance 27,970 Supplies Expenso No. Salaries and Wages Expense Date Debit Credit Dec 31 No. Date Balance 10.200 Debit Credit Balance 170 Help Accumulated Depreciation Prepaid Insurance Debit Credit No. Date No. Date Debit Credit Balance Balance 1,550 Dec 31 Dec 31 3,240 Common Stock Equipment Debit No. Credit Balance No. Debit Date Dec 31 Credit 54,000 Date Dec 31 Balance 32,000 Retained Earnings Debit Service Revenue Debit Credit No. Credit No. Date Dec 31 Balance 5,780 Date Dec 31 Balance 27,970 Supplies Expense No. Salaries and Wages Expense Date Debit Credit Dec 31 No. Date Debit Credit Balance 10,200 Balance 170 Fuel Expense Debit No. Credit Date Dec 31 Balance 1,600 (General Journal Trial Balance > Debit Credit The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Unadjusted DAILY DRIVER, INCORPORATED Unadjusted Adjusted Trial Balance Adjusted December 31, 2020 Account Title Cash Supplies Prepaid Insurance Accumulated Depreciation Equipment Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Fuel Expense Total 1,350 120 1,550 3.240 54,000 32,000 5,780 27,970 10,200 170 1,600 68,990 $ s 68,990 Plan Use the drop-down to select the accounts properly included on the income statement. The unadjusted and adjusted balances will appear for each account based on your selection. Unadjusted Y DRIVER, INCORPORATED Unadjusted Income Statement Adjusted the Year Ended December 31 $ 0 0 0 0 0 0 0 0 0 0 Prepare the statement of retained earnings for the year ended December 31. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. Unadjusted DAILY DRIVER, INCORPORATED Statement of Retained Earnings For the Year Ended December 31 Beginning Balance 0 Ending Balance S 0 Use the dropdowns to select the accounts properly included on the classified balance sheet. The unadjusted and adjusted balances will appear for each account, based on your selection. Unadjusted DAILY DRIVER, INCORPORATED Balance Sheet December 31 $ 0 $ 0 0 0 0 0 0 0 0 0