• Sharon Lee, D.D.S., opened a 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,$798 of such services was performed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $484. Purchased dental equipment on January 1 for $78,000, paying $18,000 in cash and signing a $60,000, 3-year note payable. (a) The equipment depreciates $435 per month. (b) Interest is $510 per month. Purchased a one-year malpractice insurance policy on January 1 for $12,480. Purchased $1,731 of dental supplies. On January 31, determined that $460 of supplies were on hand. Prepare the adjusting