Sharon, D$.$D$.$S$.,$ opened an incorporated dental practice on January $1,2025.$ During the first month of operations, the following transactions occurred.

Performed services for patients who had dental plan insurance. At January $31,$$$790$ of such services was completed but not yet billed to the insurance comparies.

Utility expenses incurred but not paid prior to January $31$ totaled $$620.$

Purchased dental equipment on January $1$ for $$83,500,$ paying $$26,750$ in cash and signing a $$56,750,3-$year note payable $($interest is paid each December $31).$ The equipment depreciates $$530$ per month. Interest is $$660$ per month.

Purchased a $1-$year malpractice insurance policy on January $1$ for $$26,700.$

Purchased $$2,070$ of dental supplies $($recorded as increase to Supplies$).$ On January $31,$ determined that $$580$ of supplies were on hand.

Prepare the adjusting entries on January $31.$ Account titles are Accumulated Depreciation$-$Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. $($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

No$.$ Date $1.$ Jan. $31$

Debit

Credit