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Determine the capital amount to be reported on the december

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Reference no: EM132920191

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.

Problem 1. Use the above information about the company's adjustments to complete a 10-column work sheet.

Problem 2a. Prepare the year-end closing entries for Dylan Delivery Company as of December 31.

Problem 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.

Reference no: EM132920191

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