USE WE HOWITY UTIBU BUUUL Ure company ajustments to competed U-CUIU WUIK STEEL a. Unrecorded depreciation on the trucks at the end of the year is $6,859. b. Total amount of accrued interest expense at year-end is $8,000. c. Cost of unused supplies still available at year-end is $1,100. 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31. 2b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was $260,373 on December 31 of the prior year.
USE WE HOWITY UTIBU BUUUL Ure company ajustments to competed U-CUIU WUIK STEEL a. Unrecorded depreciation on the trucks at the end of the year is $6,859. b. Total amount of accrued interest expense at year-end is $8,000. c. Cost of unused supplies still available at year-end is $1,100. 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31. 2b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was $260,373 on December 31 of the prior year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 alt="1. Use the HUWING Uaun dubut the company's dujustments to complete a to-CoIUITI WUIK STEEL
a. Unrecorded depreciation on the trucks at the end of the year is $6,859.
b. Total amount of accrued interest expense at year-end is $8,000.
c. Cost of unused supplies still available at year-end is $1,100.
2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31.
2b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was
$260,373 on December 31 of the prior year.
Complete this question by entering your answers in the tabs below.
Req 1
Req 2A
Req 2B
Use the following information about the company's adjustments to complete a 10-column work sheet.
DYLAN DELIVERY COMPANY
Work Sheet
For Year Ended December 31
Balance Sheet and Statement
Unadjusted Trial Balance
Adjustments
Account Title
Debit
Credit
Debit
Credit
Adjusted Trial Balance
Debit
Income Statement
Credit
Debit
Credit
Debit
of Owner's Equity
Credit
Cash
$ 12,500
Accounts receivable
17,000
Supplies
2,100
Trucks
310,000
Accumulated depreciation-Trucks
$ 80,000
Land
160,000
Accounts payable
19,625
Interest payable
4,000
Long-term notes payable
100,000
S. Dylan, Capital
260,373
S. Dylan, Withdrawals
37,000
Delivery revenue
228,625
Depreciation expense-Trucks
30,000
Salaries expense
96,023
Supplies expense
16,000
Interest expense
4,000
Repairs expense
8,000
Totals
$ 692,623 $ 692,623 $
0
$
0
$
0 $
0
0
0
0
0
Net Income
Totals
$
0
$
0
0
0
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Transcribed Image Text:1. Use the HUWING Uaun dubut the company's dujustments to complete a to-CoIUITI WUIK STEEL
a. Unrecorded depreciation on the trucks at the end of the year is $6,859.
b. Total amount of accrued interest expense at year-end is $8,000.
c. Cost of unused supplies still available at year-end is $1,100.
2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31.
2b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was
$260,373 on December 31 of the prior year.
Complete this question by entering your answers in the tabs below.
Req 1
Req 2A
Req 2B
Use the following information about the company's adjustments to complete a 10-column work sheet.
DYLAN DELIVERY COMPANY
Work Sheet
For Year Ended December 31
Balance Sheet and Statement
Unadjusted Trial Balance
Adjustments
Account Title
Debit
Credit
Debit
Credit
Adjusted Trial Balance
Debit
Income Statement
Credit
Debit
Credit
Debit
of Owner's Equity
Credit
Cash
$ 12,500
Accounts receivable
17,000
Supplies
2,100
Trucks
310,000
Accumulated depreciation-Trucks
$ 80,000
Land
160,000
Accounts payable
19,625
Interest payable
4,000
Long-term notes payable
100,000
S. Dylan, Capital
260,373
S. Dylan, Withdrawals
37,000
Delivery revenue
228,625
Depreciation expense-Trucks
30,000
Salaries expense
96,023
Supplies expense
16,000
Interest expense
4,000
Repairs expense
8,000
Totals
$ 692,623 $ 692,623 $
0
$
0
$
0 $
0
0
0
0
0
Net Income
Totals
$
0
$
0
0
0
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