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Question 1 Sunland Company, opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. Performed services for
Question 1 Sunland Company, opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. Performed services for patients who had dental plan insurance. At January 31, $83 of such services were performed but not yet recorded. 31 totaled t620 tility Purchased dental equipment on January 1 for $83,000, paying $22,000 in cash and signing a $61,000, 3-year note payable. The equipment depreciates $415 per month. Interest 3 $510 per month. Purchased a one-year malpractice insurance policy on January 1 for $21,600. 4. Purchased $1,700 of dental supplies. On January 31, determined that $300 of supplies were on hand. 5. Supplies Sunlies Expense. Uslities Expense and Utilitiess Pavable, (Credit account tities are automatically indented when the amount is entered. Do not indent manualy Interest Expense, Interest Payable, Prepaid Insurance, Account Titles and Explanation Debit Credit No. Date 1. Jan. 31 2. Jan. 31 3. Jan. 31 To record monthly depreciation) Jan. 31 To record interest on notes payable) 4. Jan. 31 5. Jan. 31
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