Unadjusted Trlal Balance 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-Truck Salaries expense Office supplies expense Interest expense Repairs expense-Trucks Totals Debit $ 16,000 34,000 5,000 350,000 Credit $ 80,000 160,000 24,000 5,000 100,000 307,000 34,000 263,000 40,000 110,000 15,000 5,000 10,000 $779,000 $779,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as
of December 31.
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 $40,000.
b. The total amount of accrued interest expense at year-end is $6,000.
c. The cost of unused office supplies still available at year-end is $2,000.
2. Prepare the year-end closing entries for this company and determine the capital amount to be reported on
its year-end balance sheet. Note: The S. Dylan, Capital account balance was $307,000 on December 31
of the prior year. 

Unadjusted Trlal Balance
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-Truck
Salaries expense
Office supplies expense
Interest expense
Repairs expense-Trucks
Totals
Debit
$ 16,000
34,000
5,000
350,000
Credit
$ 80,000
160,000
24,000
5,000
100,000
307,000
34,000
263,000
40,000
110,000
15,000
5,000
10,000
$779,000
$779,000
Transcribed Image Text:Unadjusted Trlal Balance 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-Truck Salaries expense Office supplies expense Interest expense Repairs expense-Trucks Totals Debit $ 16,000 34,000 5,000 350,000 Credit $ 80,000 160,000 24,000 5,000 100,000 307,000 34,000 263,000 40,000 110,000 15,000 5,000 10,000 $779,000 $779,000
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