No. Date Account Titles and Explanation Debit Credit 1. Jan31 2. Jan.31 3. Jan. 31 (To record monthly depreciation.) sin,31 Elizabeth Brown, D.D.S, opened a dentaf 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,$820 of such services was completed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $680, 3. Purchased dental equipment on January 1 for $84,000, paying $30,000 in cash and signing a $54,000,3-year note payable. (interest is paid each December 31). The equlpment depreciates $420 per month. Interest is $540 per month. 4. Purchased a 1-year malpractice insurance policy on January 1 for $22.080, 5. Purchased $1.500 of dental supplies (recorded as increase to Supplies). On January 32 determined that $500 of supplies were on hand. Prepare the adjusting entries on January 31. Account titles are Accumubted Duprociation-Eagipment, Depreciation Expense: Service Revenue, Accounts Receivabie, lisurance Expense, Interest Rornse, Intecest Payable, Prepaid insurance, Suppliex, 5upplies Expense, Utilities Expense, and Utilities Payable. Rist all debit entries bufore credit entries. Credit accosent fitles are automotically indented when the amount is entered. Do not indent manually) Jan. 31 (To record interest on Notes payable.) 4. Jan. 31 5. Jan. 31