Reference no: EM131811691
The textbook solution for the textbook Fundamental accounting principles 22nd edition by authors wild et. al. ch 4 problem exercise 7 isn't available and i needed help solving that problem. It asks to ask a Transtutors expert.
The following unadjusted trial balance contains the accounts of Dylan Delivery company as of December 31, 2015
1.) Use the following information about the companys adjustments to complete a 10-column work sheet.
a.) unrecorded depreciation on the trucks at the end of the year is 40,000
b.)the total amount of accured interest expense at year end is 6,000
c.) the cost of unused office supplies still available at year end is 2,000
2.) prepare the year end closing entries for this company and determine the capital amount to be reported on its year end balance sheet.
account tittle
cash 16,000
Acccounts receivable 34,000
office supplies 5,000
trucks 350,000
accumulated depreciation-trucks 80,000
land 160,000
accounts payable 24,000
interest payable 5,000
long term notes payable 100,000
s.dylan, capital 307,000
s. dylan withdrawals 34,000
delivery fees earned 263,000
depreciation expense-truck 40,000
salaries expense 110,000
office supplies expense 15,000
interest expense 5,000
repairs expense-trucks 10,000
totals 779,000 779,000
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