Question 4 of 5 0.69/1 Al Medina, DDS opened an incorporated dentalpractice on January 1, 2022. During the first month of operations, the following transactions occurred 1. 2 3 Performed services for patients who had dental plan insurance At January 31, 5760 of toch services was completed but not yet billed to the insurance companies Utility expenses incurred but not paid prior to January 31 totaled $450 Purchased dental equipment on January 1 for $80.000, paying $20,000 in cash and signing a 560.000. 3-year note payable Interest is paid each December 31). The equipment depreciates $400 per month. Interest is $500 per month Purchased a 1-year malpractice insurance policy on January 1 for $24,000 Purchased 51.750 of dental supplies (recorded as increase to Supplies) On January 31, determined that $550 of supplies were on hand 5. Prepare the adjusting entries on January 31. Account titles are Accumulated Deprecation-Equipment Depreciation Expense. Service Revenue Accounts Recevable, Insurance Expense, Interest Expense. Interest Payable. Prepaid insurance Supplies, Supplies Expense. Utilities Expense, and Accounts Payable. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation 1 Jan Account Red 31 Debit Credit Service 7 2 Jan 31 Expense payable Jan 31 Interest Expense 500 Interest Payable [To record depreciation expensel 19 stv ET A MacBook Pro Q $ 4 5 6 & 7 8 idends Chegg.com Ch 4 Required Homework Question 4 of 5 > 0.69 / 1 111 manually Debit No. Date Account Titles and Explanation Jan 1 convall Credit 2001 Service 2 Jan 31 Up 50 Utilities Expense payable 3 Jan 31 Interest Expense 500 Interest Payable To record depreciation expense 50 Jan 31 To record interest expensel Turbo dance 200 5. Jan 31 Supole Textbook and Media List of Accounts Attempts: 1 of 4 used otv @ A Q %