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Prepare the adjusting entries on January 31. Hwk due June 12th June 12th Kimmel, Accounting,e Helo 1 System Announcements Grace Period: days left I Register
Prepare the adjusting entries on January 31. Hwk due June 12th June 12th Kimmel, Accounting,e Helo 1 System Announcements Grace Period: days left I Register Now Exercise 4-10 Blue Spruce Corp, opened an incorporated dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. Performed services for patients who had h dental plan insurance. At January 31, $890 of such services was completed but not yet biled to the inaurance anuary 31, $890 of such services was completed but not yet billed to the insuranoe such 2. Utbility expenses incurred but not paid prior to January 31 totaled $620 l . Purchased dental equipment on Jamuary& for $80,600, paying s21.250 in cash and signing a $59,3s0, 3-year note payable (interest is paid eadh December 31). The equipment deprecates s650 per month. Interest is $640 per month 4 Purchased a 1 -year malpractice insurance policy on January 1 for $24,000 s. Purchased $2.230 of dental supplies (recorded as increase to Supplies). On January 31, determined that s670 of supplies ware on hand Prepare the adjusting entries on January 31. Recelivable, Insurance Expense, Interest red Depreciation-Equipment, Depreciation Expence, Service Revenue, Accounts (Tr no entry is required, select 'No Entry-for the gense, Interest Expense, Ireerest Payable, Prepaid bnsurance, Supplies, Supplies Expense, Ublites Expense, and Accounts Payable enter O for the amounts. Credit the amount is entered. Do not indent manually) Date Account Titles and Explanation account titles are automatically indented No. an3 1029 A DOLL FFs Backspace 6 8 9 V E N M
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