DAILY DRIVER, INCORPORATED Unadjusted Trial Balance At December 31 Account Name Debit Credit Notes $ 1,250 This equals the bank balance. Only windshield washer fluid that cost $30 remains at December 31. This amount was paid January 2 for car insurance from January 1 through December 31 of this year. This is the car's purchase price. The car will be two years old at the end of December. DDI has not yet paid or recorded $900 of salary for December. DDI paid all its taxes from last year. DDI issued 6,000 shares at $5 each. This is the total accumulated earnings to January 1 of this year. All revenue is received in cash when the Cash Supplies 100 Prepaid Insurance 1,450 Equipment Accumulated Depreciation 50,000 $ 3,000 Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings 30,000 5,680 Service Revenue 25,570 service is given. DDI's only employee receives a salary of $900 for December. Salaries and Wages 9,800 Expense Supplies Expense 150 This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $3,000 per year. No car insurance has been paid for next Depreciation Expense Insurance Expense Fuel Expense Income Tax Expense year. All fuel is paid for in cash. DDI's tax rate is 20% of income before 1,500 tax. Depreciation Expense The car's benefits are being used up about $3,000 per year. No car insurance has been paid for next Insurance Expense Fuel Expense Income Tax Expense year. All fuel is paid for in cash. DDI's tax rate is 20% of income before 1,500 tax. Totals $ 64,250 $ 64,250 pare a classified balance sheet for the year ended December 31. (Amounts to be deducted should be indicated by a m

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Uploaded: 2024-03-04T10:43:15.000Z
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Description: Required information[The following information applies to the questions displayed below.]Daily Driver, Incorporated (DDI), operates a driving service through a popular ride-sharing app. DDI has prepared a list ofunadjusted account balances at its De