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a. Unrecorded depreciation on the trucks at the end of the year is $9.054. b. The total amount of accrued Interest expense at year-end is $8,000 C. The cost of unused office supples still avallable at year-end is $1.500. 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. 20. Determine the capital amount to be roported on the December 31, balance sheet. Note. S. Dylan, Capital was $129,560 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Reg Reg 2A Reg 20 Use the above information about the company's adjustments to complee a 10-column werk sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 Balance Sheet and Statement of Owner's Equity Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Tite Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr $ 10.600 Cash Accounts receivable Office supplies Trucks Accumulated depreciaion-Trucks Land Accounts payable S 17.600 16.600 17.600 16.600 2.600 200.000 16.600 200.000 200.000 $ 100.000 160.000 150.000 150 000 26.006 26.005 Interest payable 4.000 Long-tem notes payable S. Dylan, Captal S. Dylan Wthdrawals Delivery fees eamed Depreciation expense-Trucks 140.000 120.600 38.000 301.785 40.000 Salates expense Office supplies epense 120.760 20.000 4,000 8.000 S 701.260 $ 701.250 $ Interest expense Repairs expense-Trvoks Totals Net Income Totals O$ 403.000 $ 26.006 403.000 403.000

a. Unrecorded depreciation on the trucks at the end of the year is $9.054. b. The total amount of accrued Interest expense at year-end is $8,000 C. The cost of unused office supples still avallable at year-end is $1.500. 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. 20. Determine the capital amount to be roported on the December 31, balance sheet. Note. S. Dylan, Capital was $129,560 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Reg Reg 2A Reg 20 Use the above information about the company's adjustments to complee a 10-column werk sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 Balance Sheet and Statement of Owner's Equity Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Tite Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr $ 10.600 Cash Accounts receivable Office supplies Trucks Accumulated depreciaion-Trucks Land Accounts payable S 17.600 16.600 17.600 16.600 2.600 200.000 16.600 200.000 200.000 $ 100.000 160.000 150.000 150 000 26.006 26.005 Interest payable 4.000 Long-tem notes payable S. Dylan, Captal S. Dylan Wthdrawals Delivery fees eamed Depreciation expense-Trucks 140.000 120.600 38.000 301.785 40.000 Salates expense Office supplies epense 120.760 20.000 4,000 8.000 S 701.260 $ 701.250 $ Interest expense Repairs expense-Trvoks Totals Net Income Totals O$ 403.000 $ 26.006 403.000 403.000

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 10SPB
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a. Unrecorded depreclation on the trucks at the end of the year is $9,054. b. The total amount of accrued Interest expense at year-end is $8.000. c. The cost of unused office supplies still avallable at year-end is $1,500. 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 $129,560 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Use the above information about the company's adjustments to complete a 10-column work sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 Adjusted Trial Balance Balance Sheet and Statement of Owner's Equity Unadjusted Trial Balance Adjustments Income Statement Account Title Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash 16,500 S 17,500 17,500 Accounts receivable 15,500 15,500 15,500 Office supplies 2,500 280,000 Trucks Accumulated depreciation-Trucks 280,000 280,000 $ 100,000 150,000 150,000 Land Accounts payable 150,000 25,905 25,905 Interest payable 4,000 Long-tem notes payable S. Dylan, Capital S. Dylan, Withdrawals 140,000 129,500 38,000 Delivery fees earned 301,785 Depreciation expense-Trucks Salaries expense 40,000 126,750 Office supplies expense 20,000 Interest expense 4,000 Repairs expense-Trucks 8,000 Totals S 701,250 $ 701,250 5 이 $ O$ 463,000 $ 25,905 ol 483,000 Net Income Totals 이 $ 이 $ 463.000 < Reg 1 Reg 2A >
Transcribed Image Text:a. Unrecorded depreclation on the trucks at the end of the year is $9,054. b. The total amount of accrued Interest expense at year-end is $8.000. c. The cost of unused office supplies still avallable at year-end is $1,500. 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 $129,560 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Use the above information about the company's adjustments to complete a 10-column work sheet. DYLAN DELIVERY COMPANY Work Sheet For Year Ended December 31 Adjusted Trial Balance Balance Sheet and Statement of Owner's Equity Unadjusted Trial Balance Adjustments Income Statement Account Title Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash 16,500 S 17,500 17,500 Accounts receivable 15,500 15,500 15,500 Office supplies 2,500 280,000 Trucks Accumulated depreciation-Trucks 280,000 280,000 $ 100,000 150,000 150,000 Land Accounts payable 150,000 25,905 25,905 Interest payable 4,000 Long-tem notes payable S. Dylan, Capital S. Dylan, Withdrawals 140,000 129,500 38,000 Delivery fees earned 301,785 Depreciation expense-Trucks Salaries expense 40,000 126,750 Office supplies expense 20,000 Interest expense 4,000 Repairs expense-Trucks 8,000 Totals S 701,250 $ 701,250 5 이 $ O$ 463,000 $ 25,905 ol 483,000 Net Income Totals 이 $ 이 $ 463.000 < Reg 1 Reg 2A >
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