Keith Herrick, CPA, opened a small accounting practice on January 1, 2020. Keith prepares his financial statements monthly. During the first month of operations the following transactions occurred Instructions Prepare the adjusting entries on January 31. Account titles are: Accumulated Depreciation Depreciation Expense Accounts Receivable Interest Expense Prepaid Insurance Supplies Expense Utilities Payable Service Revenue Insurance Expense Interest Payable Supplies Utilities Expense 1. Performed services for clients. At January 31, $800 of such services was earned but not yet recorded Credit Description Debit Date 2. Utility expenses incurred but not paid or recorded prior to January 31 totaled $400. Debit Credit Description Date 3. Depreciation on computer equipment purchased during the month is estimated to be $200. Description Debit Credit Date 4. Purchased a one-year malpractice insurance policy during the month for $1,200. One month has expired. Debit Credit Description Date 5. Purchased $1,000 of office supplies during the month. On January 31, Keith determined that $700 of supplies had been used. Description Debit Credit Date