Patricia, D$.$D$.$S$.$ opened an incorporated dental practice on January $1,2025.$ During the first month of operations, the following transactions occurred.

$1$ Performed services for patients who had dental plan insurance. At January $31,$$$800$ 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 $$510.$

Purchased dental equipment on January $1$ for $$80,700,$ paying $$29,400$ in cash and signing a $$51,300,3-$year note payable $($interest is paid each December $31).$ The equipment depreciates $$360$ per month. Interest is $$470$ per month.

Purchased a $1-$year malpractice insurance policy on January $1$ for $$24,600.$

Purchased $$2,600$ of dental supplies $($recorded as increase to Supplies$).$ On January $31,$ determined that $$610$ of supplies were on hand.

No$.$ Date Account Titles and Explanation

Jan. $31$ Accounts Recelvable

Service Revenue

Jan. $31,$ Utilitles Expense

Accounts Payable

Jan. $31$

Depreclation Expense

Accumulated Depreclation$-$Equipment

$($To record depreciation expense$)$

$($To record interest expense$)$

Jan. $31$

Jan. $31$

Debit

Credit