Ch4-7

wy w Exercise 4-7 (Algo) Preparing a work sheet and recording closing entries LO P1, P2 The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31 1. Use the following information about the company's adjustments to complete a 10-column work sheet. a. Unrecorded depreciation on the trucks at the end of the year is $7133 b. Total amount of accrued interest expense at year-end is $8,000. c. Cost of unused supplies still available at year-end is $600. 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31 2b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was $306,282 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Use the following information about the company's adjustments to complete a 10-column work sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 fal Adjustments Unadjusted Trial Balance Adjusted Trial Balance Income Statement Account Title My Work Req1 Reg 2A Reg 28 Use the following information about the company's adjustments to complete a 10-column work sheet. 25 points Boo DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 + Wine Account Title Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Ball eferences Credit Debit Credit Dobit Credit Debit Credit Debit $ 13,000 16,000 1,600 330.000 $ 80,000 170,000 Cash Accounts receivable Supplies Trucks Accumulated depreciation. Trucks Land Accounts payable Interest payable Long-term nos payable S. Dylan. Capital S. Dylan Withdrawals Delivery rever Deprecinton expense Trucks Sala 20.410 2.000 110,000 303,283 30.000 237,770 60.000 QARAS Check my work Debit Credit Dobit Credit Debit Cash Credit Accounts receivable Supplies Trucks Accumulated depreciation -- Trucks Land Accounts payable Interest payable Long-term notes payable S. Dylan, Capital S. Dylan, Withdrawals Delivery revenue Depreciation expense--Trucks Salaries expense Supplies expense Interest expense Repairs expense Totals Net Income Debit Credit $ 13,000 16,000 1,600 330,000 $ 80,000 170,000 20,410 2.000 110,000 306 283 38,000 237,770 80,000 99,863 17.000 2.000 9,000 $ 756.463 $ 756,463 Totals For Year Ended December 31 lal Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Credit Debit Credit Debit Credit Debit Credit Debit Credit S 80,000 20,410 2,000 110,000 306,283 237,770 $ 756,463