The following unadjusted trial balance contains the accounts and balances of Dalton Delivery Company as of December 31, 2011, its first year of operations.
(1) Use the following information about the company€™s adjustments to complete a 10-column work sheet.
a. Unrecorded depreciation on the trucks at the end of the year is $35,000.
b. The total amount of accrued interest expense at year-end is $8,000.
c. The cost of unused office supplies still available at the year-end is $1,000.
(2) Prepare the year-end closing entries for this company, and determine the capital amount to be reported on its year-end balancesheet.

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Unadjusted Trial Balance Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable V. Dalton, Capital V. Dalton, Withdrawals Delivery fees eaned Depreciation expense Truck Salaries expense Office supplies expense Interest expense Repairs expense Trucks Totals Debit Credit S 14,000 33,000 4,000 340,000 $70,000 150,000 22,000 6,000 104,000 322,000 256,000 45,000 120,000 14,000 16,000 $780,000