Exercise 4-7 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. Unrecorded depreciation on the trucks at the end of the year is $5,487.
2. The total amount of accrued interest expense at year-end is $8,000.
3. The cost of unused office supplies still available at year-end is $800.

1. Use the above information about the companys 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 $257,018 on December 31 of the prior year.

Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B 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 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Title Cr Dr Cr Dr Cr Cash Dr $ 10,000 15,000 S Accounts receivable Office supplies IS 1,800 280,000 Cr Dr $ 10,000 15,000 800 X 1,000 X 280,000 5,487 180,000 Balance Sheet and Statement of Owner's Equity Dr Cr 10,000 15,000 1,000 X 280,000 IS 105,487 180,000 15,700 12,000 X 90,000 $ 100,000 S 105,487 180,000 15,700 8,000 X 4,000 90,000 257018 15,700 12.000 X 90,000 257,018 257,018 X 257,018 35,000 35,000 35,000 Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable S. Dylan, Capital S. Dylan, Withdrawals Delivery fees earned Depreciation expense Trucks Salaries expense Office supplies expense Interest expense Repairs expense-Trucks Totals Net Income Totals 182.900 20,000 76.818 5,487 25,487 76,818 800 X 17.800 x 8,000 12,000 & 10,000 $ 28,574 $ 663,105 S 480 205 > 0 17,000 X X S 25,487 76,818 17.800 X 12,000 $ 10,000 142,105 OOC 4,000 10,000 S 649,618 S 649,618 IS S 0 257,018 521,000 480,205 $ 142,105 $ 257,018 S 521.000 480,205 Reg 1 Req 2A > Reg 1 Req 2A Reg 2B Prepare the year-end closing entries for Dylan Delivery Company as of December 31. No Date General Journal Debit Credit Reg 1 Reg 2A Reg 2B Determine the capital amount to be reported on the December 31, balance sheet. Note: S. Dylan, Capital was $257,018 on December 31 of the prior year. S. Dylan, Capital 0 17,000 X X S 25,487 76,818 17.800 X 12,000 $ 10,000 142,105 OOC 4,000 10,000 S 649,618 S 649,618 IS S 0 257,018 521,000 480,205 $ 142,105 $ 257,018 S 521.000 480,205 Reg 1 Req 2A > Reg 1 Req 2A Reg 2B Prepare the year-end closing entries for Dylan Delivery Company as of December 31. No Date General Journal Debit Credit Reg 1 Reg 2A Reg 2B Determine the capital amount to be reported on the December 31, balance sheet. Note: S. Dylan, Capital was $257,018 on December 31 of the prior year. S. Dylan, Capital