The following unadjusted trial balance contains the accounts and balances of Dyl
ID: 2421924 • Letter: T
Question
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2015. a. Unrecorded depreciation on the trucks at the end of the year is $6,036. b. The total amount of accrued interest expense at year-end is $8,000. c. The cost of unused office supplies still available at year-end is $1,800. 1. Use the above information about the company’s adjustments to complete a 10-column work sheet.
Use the above information about the companys adjustments to complete a 10-column work sheet Work Sheet For Year Ended December 31, 2015 Balance Sheet and Statement of Owner's Equity Unadjusted Trial Balance Adjusted Trial Balance Income Statement Cash Accounts recevable Office supplies Trucks S 11,000 27.000 2.800 310.000 50,000 Land Accounts payable Interest payable Long-term notes payable S. Dylan, Capital S. Dylan, Withdrawals Delivery fees eamed 170,000 17.270 4.000 110,000 317.840 37,000 201,190 Salanes expense Office supplies expense Interest expense Repairs expense Trucks Totals Net Income Totals 30,000 84.500 19,000 4,000 5,000 S 700.300 700.300Explanation / Answer
DYLAN DELIVERY COMPANY
Work sheet
For the year ended December 31,2015
Account title
Unadjusted trial balance
Adjustments
Adjusted trial balance
Income statement
Balancesheet and statement of owners equity
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
11000
11000
11000
Account receivable
27000
27000
27000
Office supplies
2800
-
1000
1800
1800
Trucks
310000
6036
303964
303964
Accumulated depreciation - equipment
50000
50000
50000
Land
170000
170000
170000
Account payable
17270
17270
17270
Interest payable
4000
4000
4000
Long term notes payable
110000
110000
110000
s.dylan capital
317840
317840
317840
s. dylan withdrawn
37000
37000
37000
Accrued interest expense
8000
8000
8000
Delivery fees earned
201190
201190
201190
Depreciation- expense- truck
20000
6,036
26036
26036
Salaries expense
84500
84500
84500
Office supplies expense
19000
1000
20000
20000
Interest expense
14000
8000
22000
22000
Repairs- expense trucks
5000
5000
5000
Totals
700300
700300
708300
708300
157536
201190
550764
507110
Net income
43654
43654
Totals
700300
700300
708300
708300
201190
201190
507110
507110
DYLAN DELIVERY COMPANY
Work sheet
For the year ended December 31,2015
Account title
Unadjusted trial balance
Adjustments
Adjusted trial balance
Income statement
Balancesheet and statement of owners equity
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
11000
11000
11000
Account receivable
27000
27000
27000
Office supplies
2800
-
1000
1800
1800
Trucks
310000
6036
303964
303964
Accumulated depreciation - equipment
50000
50000
50000
Land
170000
170000
170000
Account payable
17270
17270
17270
Interest payable
4000
4000
4000
Long term notes payable
110000
110000
110000
s.dylan capital
317840
317840
317840
s. dylan withdrawn
37000
37000
37000
Accrued interest expense
8000
8000
8000
Delivery fees earned
201190
201190
201190
Depreciation- expense- truck
20000
6,036
26036
26036
Salaries expense
84500
84500
84500
Office supplies expense
19000
1000
20000
20000
Interest expense
14000
8000
22000
22000
Repairs- expense trucks
5000
5000
5000
Totals
700300
700300
708300
708300
157536
201190
550764
507110
Net income
43654
43654
Totals
700300
700300
708300
708300
201190
201190
507110
507110
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