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HOW WOULD YOU MAKE THIS AN ADJUSTED JOURNAL ENTRY? WANT TO VERIFY MINE Alpha Dog formed a corporation on January 2, 2016 to provide construction

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HOW WOULD YOU MAKE THIS AN ADJUSTED JOURNAL ENTRY? WANT TO VERIFY MINE

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Alpha Dog formed a corporation on January 2, 2016 to provide construction services in the town of Elven, Rivendell, ME. The following is the December 31th Unadjusted Trial Balance. Alpha Dog Corporation Unadjusted Trial Balance 12/31/16 Ca $532,000 sh -- \"-- -- \fTotals $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 value of $200,000. Alpha Dog used the double declining balance method for depreciation. 2. Supplies on had 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 process the rst week of January

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