Cheyenne Corp., opened an incorporated dental practice on January 1, 2022. During the first month of oderations, the following transactions occurred. Performed services for patients who had dental plan insurance. At January 31, $740 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $4500. Purchased dental equipment on January 1 for $80,100, paying $20,100 in cash and signing a $60,000, 3-year note payable (interest is paid each December 31). The equipment depreciates $350 per month. Incerest is $450 per month 1 2. 3. 4. Purchased a 1-year malpractice insurance policy on January 1 for $24,000. Purchased $1,760 of dental supplies (recorded as increase to Supplies). On January 31, deternmined that $500 of supplies were on hand. I Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation-Equipment, Depreciation Expense, Service Revenue, Accounts Recevable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utities Expense, and Accounts Payable. (If no entry is required, select "No Entry" for the account tieles and enter 0 for the amounts. Credt account tities are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Jan. 31 Accounts Receivable Service Revenue 2. Jan. 31 Utilities Expense Accounts Payable 3. Jan. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense) (To record interest expense) Jan. 31 4. 5. Jan. 31