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Determine the capital amount to be reported

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Question - The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31.

-Unrecorded depreciation on the trucks at the end of the year is $6,859.

-The total amount of accrued interest expense at year-end is $8,000.

-The cost of unused office supplies still available at year-end is $700. 

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 $123,973 on December 31 of the prior year.

Use the above information about the company's adjustments to complete a 10-column work sheet.

Reference no: EM132991521

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