The following unadjusted trial balance contains the accounts and balances of Dalton Delivery Company as of December
Question:
(1) Use the following information about the companys adjustments to complete a 10-column work sheet.
a. Unrecorded depreciation on the trucks at the end of the year is $35,000.
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 $1,000.
(2) Prepare the year-end closing entries for this company, and determine the capital amount to be reported on its year-end balancesheet.
Transcribed Image Text:
Unadjusted Trial Balance Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable V. Dalton, Capital V. Dalton, Withdrawals Delivery fees eaned Depreciation expense Truck Salaries expense Office supplies expense Interest expense Repairs expense Trucks Totals Debit Credit S 14,000 33,000 4,000 340,000 $70,000 150,000 22,000 6,000 104,000 322,000 256,000 45,000 120,000 14,000 16,000 $780,000
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Part 1 DALTON DELIVERY COMPANY Work Sheet For Year Ended December 31 2011 Unadjusted Trial Balance A...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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