sExercise 3 Meghan Lindh, D.D.S opened a dental practice on January , 2037urng the first month of eperacioni, floning ractinsccuered 1. Performed services for patients who had dental pian insurance. Aa Jaruary 31, 5870 of such services were oeinid but t vet recoreed 2. Uility expenses incurred but not paid prier to January 31 totaled $033. 3. Purchased dental equipment on January 2 for $00,000, paying $25,030 in cash and signing a $55,000 (a) The equipment depreciates $400 per morth (b) Interest is $450 per mornth 4. Purchased a one-vear malpractice insurance policy on January 1 for $21,600 S. Purchased $1,600 of dental supplies. On January 31, determined that $300 of supplies were on pyepare the actuanentras on January 31, Account tiles are Acumulated Dip'edaten-quiniert Prepaid Intura ce supolies. Supples Expense. utities Expense, and Accourits Payable. (Crude aan er ras an ada Na. Date Account Tales aned Explanation 1. Jan. 3 Expense, Service Revenu". Accounts Recsable, nsarar. Expense, Interest Expense, interest payable, e orkal y in devred when the an eart h r b d. 'm.M , 2 3an 3 3 am.3 5. Jan. 31 o. Jan. 3