Alpha Dog formed a corporation on January 2, 2017

Alpha Dog formed a corporation on January 2, 2017 to provide construction services in the town of Elven, Rivendell, ME. The following is the December 31 the Unadjusted trial balance. Alpha Dog Corporation Unadjusted Trial Balance 12/ 3 1/ 16 Account Debit Credit Cash $532,000 Accounts receivable 417,000 Supplies 85,000 Prepaid Insurance 24,000 Equipment 2,400,000 Accounts Payable $20,000 Unearned Revenue 100,000 Note Payable (long Term) 1,420,000 Capital stock 1,075,000 revenues 1,642,000 Wages expense 497,000 Fuel expense 62,000 Rent expense 180,000 interest expense 60,000 totals $4,257,000 $4,257,000 The following information is provided regarding end of the FY required adjusting entries. 1. Equipment was purchased on March 1, it has an estimated life or 5 years with an estimated salvage valve of $200,000. Alpha Dog used the double declining balance method for depreciation. 2. Supplies on hand at year end are $20,000 3. On 1/1/2017 interest of $57,000 and a principle payment of $20,000 must be made to the bank. 4. The insurance policy is for 12 months and was purchased on March 1. .U‘ Unbilled services that have been provided customers at year end is $25,000. Billings will be process the ?rst week of January.