Exercise 4-7 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. Unrecorded depreciation on the trucks at the end of the year is $8,231.
2. The total amount of accrued interest expense at year-end is $8,000.
3. The cost of unused office supplies still available at year-end is $1,700.

1. Use the above information about the companys adjustments to complete a 10-column work sheet. 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31. 2b. Determine the capital amount to be reported on the December 31, balance sheet. Note: S. Dylan, Capital was $129,527 on December 31 of the prior year.

Use the above on about the company's adjustment to complete a 10-column work sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Account Title Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash $ 15,000 24,500 2,700 220.000 X This is a numeric cell, so please enter numbers only. $ 80,000 140,000 23,550 2,000 Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable S. Dylan, Capital S. Dylan, Withdrawals Delivery fees earned Depreciation expense Trucks Salaries expense Office supplies expense Interest expense Repairs expense Trucks Totals 100.000 129,527 31,000 274,350 30.000 115,227 20.000 2,000 9,000 $ 609,427 $ 609,427 S 0 0 $ 0 $ os 0 0 0 0 0 Net Income Totals $ 5 0 $ 0 0