Question 11 of 12 < > View Policies -/2 III Current Attempt in Progress Susan, D.D.S., opened a dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $360 of such services was performed but not yet billed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaled $260. 3. Purchased dental equipment on January 1 for $44,000, paying $10,000 in cash and signing a $34,000, 3-year note payable. (a) The equipment depreciates $200 per month. (b) Interest is $270 per month. 4. Purchased a one-year malpractice insurance policy on January 1 for $5,640. 5. Purchased $720 of dental supplies. On January 31, determined that $240 of supplies were on hand. Prepare the adjusting entries on January 31. Account titles are: Accumulated Depreciation-Equipment Interest Payable Depreciation Expense Service Revenue Accounts Receivable Insurance Expense Interest Expense Prepaid Insurance Supplies Supplies Expense Utilities Expenses Utilities Payable