The following unadjusted trial balance contains the accounts and balances of Santaga Delivery Company as of December
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The following unadjusted trial balance contains the accounts and balances of Santaga Delivery Company as of December 31, 2011.
1. Use the following information about the company's adjustments to complete a 10-column work sheet for Santaga.
a. Unrecorded depreciation on the trucks at the end of the year is $16,000.
b. The total amount of accrued interest expense at year-end is $8,000.
c. The cost of unused office supplies still available at the year-end is $500.
2. Prepare the year-end closing entries for Santaga, and determine the retained earnings to be reported on its year-end balance sheet.
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