Exercise 4-7 (Algo) Preparing a work sheet and recording closing entries LO P1, P2 The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31 1. Use the following information about the company's adjustments to complete a 10-column work sheet a. Unrecorded depreciation on the trucks ot the end of the year is 56,859. b. Total amount of accrued interest expense at year-end is $8,000. c. Cost of unused supplies still available at year-end is 5600 2o. Prepare the year-end closing entries for Dylan Delivery Company as of December 31 2b. Determine the capital amount to be reported on its year end balance sheet Note: The S. Dylon Capital account balance was $297873 on December 31 of the prior year. Check Work Sheet For Year Ended December 31 Unadjusted Triat Balance Adjustments Adjusted Trial Balance Income Statement Account Title Balance sheet and Statement of Owner's Equity Debit Cro Credit Debit Credit Debit Credit Debit Credit Dobit $ 12,500 13 000 1.600 310,000 $ 40.000 160.000 Cash Accounts receivable Supplies Trucks Accumulated depreciation-Tracks Land Accounts payable Interest payable Long term notes payable S Dylan Capital S Dylan Withdrawals Delivery rewine Depreciation expense --Trucks Salanes expose Supplios expense interest expense Repairs experts Totals Not Income Total 19,625 2,000 80,000 297 873 37.000 228.625 20.000 96,023 11,000 2.000 5000 5658,123 S 368.123 Reg 1 Reg 2A Reg 26 Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was $297,873 on December 31 of the prior year. 5. Dylan Capital Req 1 Req 2A Reg 28 Prepare the year-end closing entries for Dylan Delivery Company as of December 31. View transaction list Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Prepare the year-end closing entries for Dylan Delivery Company as of December 31. View transaction list Journal entry worksheet