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 $7,682 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 $1,100, Book 1. Use the above information about the company's adjustments to complete a 10-column work sheet 20. Prepare the year-end closing entries for Dylon Delivery Company as of December 31 2b. Determine the capital amount to be reported on the December 31, balance sheet. Note: S. Dylon, Capital was $193,605 on December 31 of the prior year Complete this question by entering your answers in the tabs below. ferences Reg 1 Reg 2A Reg 28 Use the above information about the company's adjustments to complete a 10-column Worksheet. DYLAN DELIVERY COMPANY Work She For Year Ended December 31 Unadjusted Trance Adjustments Adjusted Trance come statement of Denera ulty С Dr D CH De Ce Account Title (Cash Accounts receivable Office supplies Trucks 14,000 10.000 2,100 270,000 Next 1 of 1 Prev

Answer 1

Dylan Delivery Company Account Title Cash Accounts Receivable Office Supplies Trucks Depreciation Interest Expense Supplies Expense Accrued Interest Expense Incomes S. Dylan Capital TOTAL Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Sheet and Statement of Owner Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit $ 14,000 $ 14,000 $ 14,000 $ 10,000 $ 10,000 $ 10,000 $ 2,100 $ 1,000 $ 1,100 $ 1,100 $ 270,000 $ 7,682 $ 262,318 $ 262,318 $ 7,682 $ 7,682 $ 7,682 $ 8,000 $ 8,000 $ 8,000 $1,000 $ 1,000 $1,000 $ 8,000 $ 8,000 $ 8,000 $ 102,495 $ 102,495 $ 102,495 $ 193,605 $ 193,605 $ 279,418 $ 296,100 $ 296,100| $ 16,682 $ 16,682 $ 304,100 $ 304,100 $ 16,682 $ 102,495 $ 287,418 $ 287,418 Difference in Income Statement should be incorporated with capital $0 $0 $0 $ 85,813 $0 (85813 + 193605)

Journal Entries for the year of Dylan Delivery Company Date Particulars Debit Credit Dr. $ 7,682 Dec-31 Depreciation To Trucks $ 7,682 Dr. $8,000 Dec-31 Interest Expense To Accrued Interest Expense $ 8,000 Dr. $1,000 Dec-31 Supplies Expense To Supplies $ 1,000