Question

The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31 a. Unrecorded depreciation on the trucks at the end of the year is $7.407. 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 $1.800. 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 2b. Determine the capital amount to be reported on the December 31, balance sheet. Note: S. Dylan. Capital was $230,894 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Req1 R eq 2A Reg 28 Use the above information about the company's adjustments to complete a 10-column work sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet and State of Owner's Equity Account Title Cash Accounts receivable Unadjusted Trial Balance Adjustments Dr CD $ 13,500 21,000

Answer 1

Worksheet
for the year ended Dec. 31 (amounts in $)
	unadjusted trial balance	adjustments	adjusted trial balance	income statement	Balance Sheet and statement of owners equity
	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
cash	13500				13500				13500
accounts receivable	21000				21000				21000
office supplies	2800			1000	1800				1800
trucks	290000				290000				290000
accumulated depreciation - trucks		100000		7407		107407				107407
land	130000				130000				130000
accounts payable		21195				21195				21195
interest payable		4000		4000		8000				8000
long-term notes payable		50000				50000				50000
S Dylan capital		230894				230894				304698
S Dylan withdrawals	35000				35000				35000
delivery fees earned		246915				246915		246915
depreciation expenses - truck	30000		7407		37407		37407
salaries expenses	103704				103704		103704
office supplies expense	16000		1000		17000		17000
interest expense	4000		4000		8000		8000
repairs expense - trucks	7000				7000		7000
total	653004	653004	12407	12407	664411	664411	173111	246915	491300	491300
net income								73804

delivery fees earned	246915
less expenses
depreciation expenses - truck	37407
salaries expenses	103704
office supplies expense	17000
interest expense	8000
repairs expense - trucks	7000
net income	73804
capital account at year end	amount ($)
opening balance	230894
net income	73804
balance at the end	304698

Revenue	246915
To income summary		246915
(close all income to income summary account)
income summary	173111
To depreciation expenses - truck		37407
To salaries expenses		103704
To office supplies expense		17000
To interest expense		8000
To repairs expense - trucks		7000
(close all expense to income summary account)