Alpha dog formed a cororation on Jan2 2016 to provide construction services in the town of elven, ME.

12/31/16 unadjusted trial balance

cash Debit/ 532,000

accnt receivable D/172,000

supplies D/85,000

prepaid insurance D/ 36,000

equipment D/2,400,000

Accounts payable Credit/32,000

unearned revenue C/100,000

note payable(long term) C/1,420,000

Capital Stock C/1,075,000

Revenues C/1,397,000

wages expense Debit/497,000

fuel expense D/62,000

rent expense D/180,000

Interest expense D/60,000

total 4,024,000

5 adjusting entries

1. equipment was purchased on june 1, it has an estimated life of 5 years with an estimated salvage value of 400,000. Alpha used the double decling balance method for depreciation
2. supplies on hand at year end are 30,000
3. on 1/1/17 interest of 58,000 and a principle payment of 20,000 must be made to the bank
4. the insurance policy is for 12 months and was purchased march 1
5. unbilled services that have been provided customers at year end is 35,000. billings will be processed first week of january