Drenare the vear-end closing entries for Dylan Delivery Company as of December 31. ssessment Tool iFrame View transaction list Journal entry worksheet 1 2 4 > Record the entry to close revenue accounts.
Drenare the vear-end closing entries for Dylan Delivery Company as of December 31. ssessment Tool iFrame View transaction list Journal entry worksheet 1 2 4 > Record the entry to close revenue accounts.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 4PA: The following accounts appear in the ledger of Celso and Company as of June 30, the end of this...
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![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 $8,231.
b. The total amount of accrued interest expense at year-end is $8,000.
c. The cost of unused office supplies still available at year-end is $1,800.
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 $204,127 on
December 31 of the prior year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc5f2ec32-bb00-431c-981a-9196588026c3%2F954ee397-fc92-49c1-92e7-a85b6ffa3484%2F9zfvtkb_processed.png&w=3840&q=75)
Transcribed Image Text: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 $8,231.
b. The total amount of accrued interest expense at year-end is $8,000.
c. The cost of unused office supplies still available at year-end is $1,800.
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 $204,127 on
December 31 of the prior year.
![Drenare the vear-end closing entries for Dylan Delivery Company as of December 31.
Assessment Tool iFrame
View transaction list
Journal entry worksheet
1
>
Record the entry to close revenue accounts.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
December 31
Record entry
Clear entry
View general journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc5f2ec32-bb00-431c-981a-9196588026c3%2F954ee397-fc92-49c1-92e7-a85b6ffa3484%2Fob8c68_processed.png&w=3840&q=75)
Transcribed Image Text:Drenare the vear-end closing entries for Dylan Delivery Company as of December 31.
Assessment Tool iFrame
View transaction list
Journal entry worksheet
1
>
Record the entry to close revenue accounts.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
December 31
Record entry
Clear entry
View general journal
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