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

1. Unrecorded depreciation on the trucks at the end of the year is $7,133.
2. Total amount of accrued interest expense at year-end is $8,000.
3. Cost of unused supples still avallable at year-end Is $500.

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 $200,183 on December 31 of the prior year.

Exercise 4-7 (Algo) Preparing a work sheet and recording closing entries LO P1, P2 The following unadjusted tral balance contains the accounts and balances of Dylan Delivery Company as of December 31. 1. Use the following information about the companys adjustments to complete a 10 -column work sheet. 0. Unrecorded depreciation on the trucks at the end of the year is $7,133. b. Total amouni of accrued interest expense at year-end is $8,000. c. Cost of unused supplies stil avallable at year-end is $500 20. 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 $200,183 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Prepare the year-end dosing entries for Dylan Delivery Company as of December 31. Prepare the year-end closing entries for Dylan Delivery Company as of Decembe 1 Record the entry to close revenue accounts. 2 Record the entry to close expense accounts. 3 Record the entry to close income summary account. 4 Record the entry to close the withdrawals account