The following unadjusted trial balance contains the accounts and balances of Dylan Deliv...

The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2010, its first year of operations. (1) Use the following information about the company’s adjustments to complete a 10-column work sheet for Dylan Delivery Company.

a. Unrecorded depreciation on the trucks at the end of the year is $40,000.

b. An additional $1,000 of salaries must be accrued at year-end.

c. The cost of unused office supplies still available at year-end is $2,000.

(2) Prepare the year-end closing entries for Dylan Delivery Company, and determine the capital amount to be reported on its year-end balance sheet.