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Prepare year-end closing entries for dylan delivery company

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Reference no: EM133146058

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

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

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 $1,400.

Required -

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

b. Determine the capital amount to be reported on its year-end balance sheet. Note: The S. Dylan, Capital account balance was $215,173 on December 31 of the prior year.

Reference no: EM133146058

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