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 56,310, b. Total amount of accrued interest expense at year-end is $8.000, c. Cost of unused supplies still available at year-end is $1100 2n. 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 $311,551 on December 31 of the prior year. Unadjusted Trial Balance Account Title Adjustments Adjusted Trial Balance Income Statement Balance sheet and statement of Owner's Equity Debit Credit Credit Debit Credit Debit Credit Cash Accounts receivable Suppies Trucks Accumuld depreciation Trucks (Land Accounts payable Interest payable Long temnoles payable S Dylan Capital Dylan Withdrawals Delivery even Depreciation expense--Trucks Sales expose Supplies expense est expense Repas expense Total Net income Total Debit Credit Debit $ 11,500 13.000 2.100 330.000 S 50.000 170,000 18055 1.000 30.000 311.651 37.000 210,235 30,000 88361 12.000 1,000 5,000 $ 700.041 $ 700.341 5 05 05 0 $ 0 0 0 O $ 05 03 a