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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 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 year-end is $2,000. 1. Use the above information about the company's 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 $307,000 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Req1 Req 2A Req 25 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 Balance Sheet and Statement of Owner's Equity Account Title Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash S S 16.000 34,000 5.000 350,000 S 80 000 160,000 24,000 5,000 100,000 307,000 Accounts receivable Office supplies Trucks Accum. depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable S. Dylan, Capital S. Dylan Withdrawals al Delivery fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Repairs expense-Trucks Totals Net Income Totals 34.000 263,000 40.000 110,000 15,000 5,000 10,000 779,000 $ 779,000 $ S 0 $ 0 $ 0 S 0 0 0 0 0 $ 0 05 os 0 Req Reg 2A > 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, 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 year-end is $2,000. 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 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 $307.000 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B 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. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 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 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 year-end Is $2,000. 1. Use the above information about the company's 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 $307,000 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B 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 expense accounts. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal 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. 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 year-end is $2,000. 1. Use the above information about the company's 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 $307,000 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B 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 income summary account. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal 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. 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 year-end is $2,000. 1. Use the above information about the company's 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 $307,000 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Prepare the year-end closing entries for Dylan Delivery Company as of December 31. View transaction list Journal entry worksheet 1 2 3 Record the entry to close the withdrawals account. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal 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. 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 year-end is $2,000. 1. Use the above information about the company's 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 $307,000 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Reg 2B Determine the capital amount to be reported on the December 31 balance sheet. Note: S. Dylan, Capital was $307,000 on December 31 of the prior year. S. Dylan, Capital
