Kingbird, Inc., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred 1. Performed services for patients who had dental plan insurance. At January 31, 5790 of such services was completed but not yet billed to the insurance companies 2 Uulity expenses incurred but not paid prior to January 31 totaled 5620. 3. Purchased dental equipment on January 1 for $53,500, paying $26,750 in cash and signing a $56,750,3-year note payable (Interest is paid cach December 31). The equipment depreciates $530 per month. Interest is $660 per month, 4 Purchased a 1-year malpractice Insurance policy on January 1 for $24,000 5. Purchased $2,070 of dental supplies (recorded as increase to Supplies). On January 31, determined that 580 of supplies were on hand Prepare the adjusting entries on January 31, Account titles are Accumulated Depreciation Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. (If no entry is required, select "No Entry for the account titles and enter o for the No. Date Account Titles and Explanation Debit Credit 1. Jan. 31 2 Jan 31 3 Jan 31 (To record depreciation expense)