1. Use the HUWING Uaun dubut the company's dujustments to complete a to-CoIUITI WUIK STEELa. 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$260,373 on December 31 of the prior year.Complete this question by entering your answers in the tabs below.Req 1Req 2AReq 2BUse the following information about the company's adjustments to complete a 10-column work sheet.DYLAN DELIVERY COMPANYWork SheetFor Year Ended December 31Balance Sheet and StatementUnadjusted Trial BalanceAdjustmentsAccount TitleDebitCreditDebitCreditAdjusted Trial BalanceDebitIncome StatementCreditDebitCreditDebitof Owner's EquityCreditCash$ 12,500Accounts receivable17,000Supplies2,100Trucks310,000Accumulated depreciation-Trucks$ 80,000Land160,000Accounts payable19,625Interest payable4,000Long-term notes payable100,000S. Dylan, Capital260,373S. Dylan, Withdrawals37,000Delivery revenue228,625Depreciation expense-Trucks30,000Salaries expense96,023Supplies expense16,000Interest expense4,000Repairs expense8,000Totals$ 692,623 $ 692,623 $0$0$0 $00000Net IncomeTotals$0$000< Prev2 of 4Next >

Trial balance is a financial report showing the closing balances of all accounts in the general…

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.

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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