Margaret Moore, D$.$D$.$ S$,$ opened a dental practice on January $1,2022.$ During the first month of operations, the following transactions

occurred.

Performed services for patients who had dental plan insurance. At January $31,$$$880$ of such services was completed but not yet

billed to the insurance companies.

Utility expenses incurred but not paid prior to January $31$ totaled $$700.$

Purchased dental equipment on January $1$ for $$81,000,$ paying $$20,000$ in cash and signing a $$61,000,3-$year note payable

$($interest is paid each December $31).$ The equipment depreciates $$405$ per month. Interest is $$610$ per month.

Purchased a $1-$year malpractice insurance policy on January $1$ for $$26,400.$

Purchased $$1,500$ of dental supplies $($recorded as increase to Supplies$).$ On January $31,$ determined that $$400$ 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, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense,

Utilities Expense, and Utilities Payable. $($List all debit entries hefore creditentries. Credit account titles are automatically indented when the

amount is entered. Do not indent manually.$)$

No$.$ Date Account Titles and Explanation

Debit

Credit

Jan. $31$

Jan. $31$

Jan. $31$

$($To record monthly depreciation.$)$

Jan$\mathrm{.}31$

$($To record interest on Notes payable.$)$

Jan. $31$