The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2008, its first year of operations.

(1) Use the following information about the company’s adjustments to complete a 10-column work sheet for Dylan.

a. Unrecorded depreciation on the trucks at the end of the year is $40,000.

b. The total amount of accrued interest expense at year-end is $6,000.

c. The cost of unused office supplies still available at the year-end is $2,000.

(2) Prepare the year-end closing entries for Dylan, and determine the retained earnings to be reported on its year-end balance sheet.

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Edit View Insert Format Tools Data accounting Window Heb 100% Arial Account Title Debit Credit 2 Cash Accounts receivable 4 Office supplies 5 Trucks Land 8 Accounts payable Interest payable $ 16,000 34,000 5,000 350,000 6 Accumulated depreciation-Trucks $ 80,000 160,000 24,000 5,000 10 Long-term notes payable 100,000 11 Common stock 105,000 12 Retained earnings 202,000 13 Dividends 34,000 14 Delivery fees earned 263,000 15 Depreciation expense-Trucks 40,000 16 Salaries expense 110,000 17 Office supplies expense 15,000 18 Interest expense 19 Repairs expense-Trucks 20 Totals 21 Sheet Sh 5,000 10,000 $779,000 $779,000 THE