The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2017. Unrecorded depreciation on the trucks at
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2017.
- Unrecorded depreciation on the trucks at the end of the year is $5,761.
- 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 $1,400.
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, 2017. 2b. Determine the capital amount to be reported on the December 31, 2017 balance sheet.
Answer is complete but not entirely correct. 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, 2017 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Cr Dr Cr Cr Dr Cr Dr $ 10,500 10,500 Balance Sheet and Statement of Owner's Equity Dr Cr 10,500 10,500 1,400 Dr $ 10,500 10,500 1,400 280,000 $ 2,400 $ 1,000 280,000 280,000 $ 100,000 5,761 $ 105,761 $ 105,761 120,000 120,000 120,000 16,485 16,485 2,000 6,000 8,000 90,000 Account Title Cash Accounts receivable Office supplies 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 16,485 8,000 90,000 174,529 90,000 174,529 174,529 31.000 31,000 31,000 192,045 192,045 $ 192,045 20.000 $ 5,761 80.659 13,000 2.000 1,000 6,000 25,761 80,659 14,000 8,000 5,000 $ 586.820 $ 25,761 80,659 14,000 8,000 5,000 133.420 59,625 X $ 193,045 5.000 $ 575,059 $ 575,059 $ 12,761 $ 12,761 $ 586,820 192,045 453,400 394,775 59,625 X 454.400 $ 192,045 453,400 Answer is complete but not entirely correct. 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, 2017 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Cr Dr Cr Cr Dr Cr Dr $ 10,500 10,500 Balance Sheet and Statement of Owner's Equity Dr Cr 10,500 10,500 1,400 Dr $ 10,500 10,500 1,400 280,000 $ 2,400 $ 1,000 280,000 280,000 $ 100,000 5,761 $ 105,761 $ 105,761 120,000 120,000 120,000 16,485 16,485 2,000 6,000 8,000 90,000 Account Title Cash Accounts receivable Office supplies 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 16,485 8,000 90,000 174,529 90,000 174,529 174,529 31.000 31,000 31,000 192,045 192,045 $ 192,045 20.000 $ 5,761 80.659 13,000 2.000 1,000 6,000 25,761 80,659 14,000 8,000 5,000 $ 586.820 $ 25,761 80,659 14,000 8,000 5,000 133.420 59,625 X $ 193,045 5.000 $ 575,059 $ 575,059 $ 12,761 $ 12,761 $ 586,820 192,045 453,400 394,775 59,625 X 454.400 $ 192,045 453,400
