Marigold Bennett, D.D.S., opened an incorporated dental practice called Marigold Bennett Professional Dentistry Corporation on January 1, 2022. During the first month of operations the following selected transactions occurred:

1.		Performed services for patients who had dental plan insurance. At January 31, $690 of such services was earned but not yet billed to the insurance companies.
2.		Utility expenses incurred but not paid prior to January 31 totalled $570.
3.		Purchased dental equipment on January 1 for $88,000, paying $22,000 in cash and signing a $66,000, 3-year bank loan payable (interest is paid each December 31). The equipment depreciation is $470 per month. Interest on the bank loan is $550 per month.
4.		Purchased a 1-year malpractice insurance policy on January 1 for $26,400. The cost of the insurance policy was debited to the Prepaid Insurance account when paid on January 1, 2022.
5.		Purchased $2,000 of dental supplies (recorded as increase to Supplies). On January 31 determined that $590 of supplies were on hand.
6.		Estimated income taxes for the month amounting to $290, to be paid next month.

Prepare the adjusting entries on January 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

Sr no.	Date	Account Titles and Explanation	Debit	Credit
1.	Jan. 31
2.	Jan. 31
3.	Jan. 31
		(To record depreciation)
	Jan. 31
		(To record interest)
4.	Jan. 31
5.	Jan. 31
6.	Jan. 31

List of Accounts title that can be used

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation - Buildings
• Accumulated Depreciation - Equipment
• Accumulated Depreciation - Furniture
• Accumulated Depreciation - Vehicles
• Advertising Expense
• Bank Loan Payable
• Bank Loan Receivable
• Buildings
• Cash
• Common Shares
• Deferred Revenue
• Depreciation Expense
• Dividends Declared
• Equipment
• Fees Earned
• Furniture
• Income Summary
• Income Tax Expense
• Income Tax Payable
• Income Tax Receivable
• Insurance Expense
• Insurance Revenue
• Interest Expense
• Interest Income
• Interest Payable
• Interest Receivable
• Land
• Mortgage Payable
• No Entry
• Notes Receivable
• Office Expense
• Prepaid Advertising
• Prepaid Cleaning
• Prepaid Insurance
• Prepaid Rent
• Prepaid Services
• Professional Fees Expense
• Rent Expense
• Rent Income
• Rent Payable
• Repairs and Maintenance Expense
• Retained Earnings
• Salaries Expense
• Salaries Payable
• Sales
• Service Revenue
• Sponsorship Revenue
• Subscription Revenue
• Supplies
• Supplies Expense
• Ticket Revenue
• Unearned Revenue
• Utilities Expense
• Vehicles