Dakota, Inc. On January 1, 2018, Dakota, Inc., had the following account balances in its general ledger. All accounts have a "normal" type of balance, i.e., a debit or credit balance, depending on the type of account. Cash $ 255,000 Accounts Receivable 160,000 Supplies 60,000 Prepaid Insurance Equipment 550,000 Accumulated Depreciation 320,000 Accounts Payable 80,000 Interest Payable Utilities Payable 0 Unearned Revenue 60,000 Notes Payable Owner Capital 565,000 Withdrawals Service Revenue Rent Expense Salaries Expense Insurance Expense Supplies Expense Utilities Expense Depreciation Expense Interest Expense January Transactions: Amount January 1 Borrowed on a 18-month, 4% note. All principal and interest due at maturity. $ 195,000 January 2 Purchased equipment on account. 25,000 January 4 Paid cash for January rent of the building. 2,250 January 5 Received cash from customers in payment of accounts receivable. 64,000 January 9 Paid cash for a one-year insurance policy that covers the period from January 1, 2018 through December 31, 2018. 31,200 January 11 Purchased supplies with cash. 10,000 January 15 Received cash for services provided to customers during January. 76,000 January 18 Paid creditors on accounts payable. 48,000 January 28 Billed customers for services provided during January. 105,250 January 29 Received January utility bill to be paid in February 8,200 January 31 Owner withdrew cash. 20,000 January 31 Paid January salaries. 115,000 Adjusting Entries: The following information is available when preparing adjusting entries at month-end: 1. One month's insurance has been used 2. An inventory on January 31 showed supplies remaining were valued at: 3. Equipment is depreciated at a monthly rate of: to to to 63,000 3,800 4. Unearned revenue was earned in the amount of 12,000 5. One month's Interest must be accrued on the loan; annual rate is: 4%