Alpha Dog formed a corporation on 1/2/17 to provide construction services in the town of Elven, Rivendell, ME. The following is the 12/31 unadjusted Trial Balance

Alpha Dog Corporation

Unadjusted Trial Balance

12/31/16

Accounts	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
Revenue		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 of 5 years with an estimated salvage value 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.

5. Unbilled services that have been provided customers at year end is $25,000 Billings will be processed the first week of January.

Use this information to compute the adjustments and then prepare the end of the fiscal year general journal closing entries.