Oriole Company, opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. 2. 3 Performed services for patients who had dental plan insurance. At January 31, $890 of such services were performed but not Utility expenses incurred but not paid prior to January 31 totaled $640 Purchased dental equipment on January 1 for $90,000, paying $20.000 in cash and signing a $70,000, 3-year note payable TI Purchased a one-year malpractice Insurance policy on January 1 for $22,680. Purchased $1,700 of dental supplies On January 31. determined that $300 of supplies were on hand. 5 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. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 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. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Tities and Explanation Jan. 1 Accounts Receivable 31 Debit Credit 875 Service Revenue 875 2 Jan 31 Utilities Expert 650 Utilities Payable 650 3. Jan 31 Depreciation Expense 400 400 Accumulated Depreciation Etuipment (To record monthly depreciation) Interest Expense Jan. 31 500 Interest Pub 500 (To record interest on notes payable) Jan 31 2.000 2.000 2.000 5. Jan. 31 Supplies Expense 1.200 Subolle 1.200