Telephone expense Additional information: 1. A one-year insurance policy was purchased on July 1,2023. 2. A count of supplies on January 31,2024 , shows $870 of supplies on hand. 3. The equipment has an estimated useful life of five years. 4. An analysis of the Unearned Revenue account shows that \$5,000 of the services had been provided by January 31,2024. 5. The eight-month, 5% note was issued on November 1, 2023. Interest and principal are due on the maturity date. 6. Salaries accrued to January 31,2024 , were $1,275. 7. On January 31, 2024, the company had provided services but not billed or recorded service revenue of $2,650. 8. The telephone bill for January 2024 was $150. It has not been recorded or paid. (Use the Accounts Payable account.) (b1) Prepare the adjusting entries on January 31. (Credit account titles are automatically indented when amount Is entered, Danot indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) A one-year insurance policy was purchased on July 1, 2023. A count of supplies on January 31,2024 , shows $870 of supplies on hand. The equipment has an estimated useful life of five years. An analysis of the Unearned Revenue account shows that $5,000 of the services had been provided by January 31,2024. The eight-month, 5% note was issued on November 1, 2023. Interest and principal are due on the maturity date. 6. Salaries accrued to January 31,2024 , were $1,275. 7. On January 31,2024 , the company had provided services but not billed or recorded service revenue of $2,650. 8. The telephone bill for January 2024 was $150. It has not been recorded or paid. (Use the Accounts Payable account.) (b1) Prepare the adjusting entries on January 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of for the amounts. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit Telephone expense Additional information: 1. A one-year insurance policy was purchased on July 1,2023. 2. A count of supplies on January 31,2024 , shows $870 of supplies on hand. 3. The equipment has an estimated useful life of five years. 4. An analysis of the Unearned Revenue account shows that \$5,000 of the services had been provided by January 31,2024. 5. The eight-month, 5% note was issued on November 1, 2023. Interest and principal are due on the maturity date. 6. Salaries accrued to January 31,2024 , were $1,275. 7. On January 31, 2024, the company had provided services but not billed or recorded service revenue of $2,650. 8. The telephone bill for January 2024 was $150. It has not been recorded or paid. (Use the Accounts Payable account.) (b1) Prepare the adjusting entries on January 31. (Credit account titles are automatically indented when amount Is entered, Danot indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) A one-year insurance policy was purchased on July 1, 2023. A count of supplies on January 31,2024 , shows $870 of supplies on hand. The equipment has an estimated useful life of five years. An analysis of the Unearned Revenue account shows that $5,000 of the services had been provided by January 31,2024. The eight-month, 5% note was issued on November 1, 2023. Interest and principal are due on the maturity date. 6. Salaries accrued to January 31,2024 , were $1,275. 7. On January 31,2024 , the company had provided services but not billed or recorded service revenue of $2,650. 8. The telephone bill for January 2024 was $150. It has not been recorded or paid. (Use the Accounts Payable account.) (b1) Prepare the adjusting entries on January 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of for the amounts. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit