Exercise 4.7 Preparing a work sheet and recording closing entries 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 $40,000 b. The total amount of accrued interest expense at year-end is $6,000. c. The cost of unused office supplies still available at year-end is $2,000. 2. Prepare the year-end closing entries for this company and determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan. Capital account balance was $307,000 on December 31 of the prior year. Unadjusted Trial Balance Account Title Debit Credit Cosa $ 16,000 Accounts receivable 34,000 Ocupplies 5.000 Trucks 350,000 Accumulated depreciation --Trucks $ 80.000 Land 160,000 Accounts payable 24,000 Interest payable 5,000 Long-term notes payable 100.000 5. Dylan Capital 307.000 S. Dylan, withdrawals 34,000 Delivery fees carned 263.000 Depreciation expense --Truck 40,000 Salaries expense 110,000 Office supplies expense 15.000 Interest expense 5.000 Repairs expense Trucks 10,000 $279.000 Totals $779.000 Check the balance to, 5820.000. Net income $39.000