Question
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31. Unrecorded depreciation on the trucks at the
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31.
- Unrecorded depreciation on the trucks at the end of the year is $9,328.
- The total amount of accrued interest expense at year-end is $8,000.
- The cost of unused office supplies still available at year-end is $600.
1.Use the above information about the company's adjustments to do 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 $134,071on December 31 of theprior year.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Theory And Analysis Text And Cases
Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey
13th Edition
1119577772, 9781119577775
