Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation- Equipment, I Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. (Credit accou No. Date Account Titles and Explanation 1. Jan. 31 Accounts Receivable Debit Credit 870 Service Revenue 870 2. Jan. 31 Utilities Expense 650 Accounts Payable 650 3. Jan. 31 Depreciation Expense 400 Accumulated Depreciation-Equipment 400 4. Jan. 31 Interest Expense 450 Interest Payable 450 5. Jan. 31 Prepaid Insuranc 19,800 Insurance Expense 19,800 6. Jan. 31 Supplies Expense 1,300 Supplies 1,300