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, 2017. a. Unrecorded depreciation on the trucks at the end of the year is $9,054 b. The total amount of accrued interest expense at year-end is $8,000. c. The cost of unused office supplies still available at year-end is $1,200. 1. Use the above information about the company's adjustments to complete a 10-column work sheet. 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31, 2017. 2b. Determine the capital amount to be reported on the December 31, 2017 balance sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31, 2017 Unadjusted Trial Balance Adjusted Trial Balance Balance Sheet and Statement of Owner's Equity Adjustments Income Statement Account Title Dr Dr Cash 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 Net Income Totals $ 16,500 11,000 2,200 400,000 90,000 140,000 25,905 4,000 140,000 220,760 38,000 301,785 20,000 126,750 15,000 4,000 9,000 $ 782,450 782,450 S 0 0 0 0 Req 1Req 2A Req 2B Prepare the year-end closing entries for Dylan Delivery Company as of December 31, 2017. View transaction list Journal entry worksheet 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date December 31, 2017 General Journal Debit Credit Record entry Clear entry View general journal Req 1 Req 2A Req 2B Prepare the year-end closing entries for Dylan Delivery Company as of December 31, 2017. View transaction list Journal entry worksheet 4 Record the entry to close expense accounts. Note: Enter debits before credits. Date December 31, 2017 General Journal Debit Credit Req 1 Req 2A Req 2B Prepare the year-end closing entries for Dylan Delivery Company as of December 31, 2017. View transaction list Journal entry worksheet 4 Record the entry to close income summary account. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2017 Record entry Clear entry View general journal Req 1 Req 2A Req 2B Prepare the year end coaing entries fr yan Delvery Company as of December 3, 2017 View transaction list Journal entry worksheet 2 3 4 Record the entry to close the withdrawals account. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2017 Record entry Clear entry View general journal 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, 201 a. Unrecorded depreciation on the trucks at the end of the year is $9,054. b. The total amount of accrued interest expense at year-end is $8,000. c. The cost of unused office supplies still available at year-end is $1,200. 1. Use the above information about the company's adjustments to complete a 10-column work sheet. 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31, 2017. 2b. Determine the capital amount to be reported on the December 31, 2017 balance sheet. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Determine the capital amount to be reported on the December 31, 2017 balance sheet. Dylan, Capital Req 2A Req 2B