The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as
of December
Use the following information about the company's adjustments to complete a column work sheet.
a Unrecorded depreciation on the trucks at the end of the year is $
b Total amount of accrued interest expense at yearend is $
c Cost of unused supplies still available at yearend is $
a Prepare the yearend closing entries for this company. b Determine the capital amount to be
reported on its yearend balance sheet. Note: The S Dylan, Capital account balance was $ on
December of the prior year.
Exercise
Preparing a work sheet and
recording closing entries
P P
Check Adj. trial balance
totals, $; Net income,
$
