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	$ 1,950		This equals the bank balance.
Supplies	240		Only windshield washer fluid that cost $30 remains at December 31.
Prepaid Insurance	2,150		This amount was paid January 2 for car insurance from January 1 through December 31 of this year.
Equipment	78,000		This is the cars purchase price.
Accumulated Depreciation		$ 4,680	The car will be two years old at the end of December.
Salaries and Wages Payable		0	DDI has not yet paid or recorded $1,180 of salary for December.
Income Tax Payable		0	DDI paid all its taxes from last year.
Common Stock		44,000	DDI issued 8,800 shares at $5 each.
Retained Earnings		6,380	This is the total accumulated earnings to January 1 of this year.
Service Revenue		42,370	All revenue is received in cash when the service is given.
Salaries and Wages Expense	12,600		DDIs only employee receives a salary of $1,180 for December.
Supplies Expense	290		This is the cost of windshield washer fluid used to November 30.
Depreciation Expense	0		The cars benefits are being used up about $4,680 per year.
Insurance Expense	0		No car insurance has been paid for next year.
Fuel Expense	2,200		All fuel is paid for in cash.
Income Tax Expense	0		DDIs tax rate is 20% of income before tax.
Totals	$ 97,430	$ 97,430

Required:

Prepare the adjusting journal entries for the year ended December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

OPTIONS FOR GENERAL JOURNAL SECTION:

• No Journal Entry Required
• Accounts Payable
• Accounts Receivable
• Accumulated Amortization
• Accumulated Depreciation
• Advertising Expense
• Amortization Expense
• Bad Debt Expense
• Bank Charges Expense
• Buildings
• Cash
• Common Stock
• Copyrights
• Cost of Goods Sold
• Deferred Revenue
• Delivery Expense
• Depreciation Expense
• Dividends
• Dividends Payable
• Donation Revenue
• Equipment
• Franchise Rights
• Goodwill
• Income Tax Expense
• Income Tax Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Legal Expense
• Licensing Rights
• Logo and Trademarks
• Notes Payable (long-term)
• Notes Payable (short-term)
• Notes Receivable (long-term)
• Notes Receivable (short-term)
• Office Expense
• Patents
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Repairs and Maintenance Expense
• Retained Earnings
• Salaries and Wages Expense
• Salaries and Wages Payable
• Sales Revenue
• Selling, General, and Administrative Expense
• Service Revenue
• Short-term Investments
• Software
• Supplies
• Supplies Expense
• Travel Expense
• Utilities Expense
• Vehicles

JUuilMai Vily VINPIIce 1 2 3 4 5 > Record the adjusting entry for supplies if only windshield washer fluid that cost $30 remains at December 31. Note: Enter debits before credits. General Journal Debit Credit Transaction a JUuIIII TIIUI VINPICS Record the adjusting entry if $2,150 was paid on January 2 for car insurance from January 1 through December 31 of this year. Note: Enter debits before credits. General Journal Debit Credit Transaction b Journal entry worksheet