Evan Watts opened a dental practice on January 1, 2021. During the first month of operations, the following transactions occurred 1. 2 3. Watts performed services for patients totalling $ 2,310. These services have not yet been recorded Utility expenses incurred but not paid prior to January 31 totalled $ 250. Purchased dental equipment on January 1 for $77,000, paying $ 20,200 in cash and signing a $56,800, three-year note payable. The equipment depreciates $ 500 per month. Interest is $ 480 per month Purchased a one-year malpractice insurance policy on January 1 for $ 13,320 Purchased $ 2.370 of dental supplies. On January 31, determined that $ 960 of supplies were on hand. 4. 5. No. Account Titles and Explanation Debit Credit 1. 2. 3. (To record depreciation expense for equipment.)