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The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 3 1 . Use the following information about
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as
of December
Use the following information about the company's adjustments to complete a column work sheet.
a Unrecorded depreciation on the trucks at the end of the year is $
b Total amount of accrued interest expense at yearend is $
c Cost of unused supplies still available at yearend is $
a Prepare the yearend closing entries for this company. b Determine the capital amount to be
reported on its yearend balance sheet. Note: The S Dylan, Capital account balance was $ on
December of the prior year.
Exercise
Preparing a work sheet and
recording closing entries
P P
Check Adj. trial balance
totals, $; Net income,
$
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