Swifty Corporation, opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred.

1. Performed services for patients who had dental plan insurance. At January 31, $623 of such services was completed but not yet billed to the insurance companies.

2. Utility expenses incurred but not paid or recorded prior to January 31 totaled $369.

3. Purchased dental equipment on January 1 for $65,600, paying $16,400 in cash and signing a $49,200, 3-year note payable (interest is paid each December 31). The equipment depreciates $328 per month. Interest is $410 per month.

4. Purchased a 1-year malpractice insurance policy on January 1 for $19,680.

5. Purchased $1,435 of dental supplies (recorded as increase to Supplies). On January 31, determined that $451 of supplies were on hand.

+ Ch 3: Homework Question 9 of 12 - /1 Prepare the adjusting entries on January 31: Creant account tinies are automatically inaentea wnen the amount is enrerea. vo not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Debit Credit Date Account Titles and Explanation Jan 31 1 2. Jan. 31 3. Jan. 31 (To record depreciation expense) (To record interest expense) 4. Jan. 31 5. Jan. 31