Exerci 3-03 Robin Shat, D.D.Sy opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $875 of such services were performed but not yet recorded. 2. Utility expenses incurred but not paid prior to January 31 totaled $650. 3 Purchased dental equipment on January 1 for $60,000, paying $20,000 in cash and signing a $60,000, 3-year note payable. The equipment deprecates $400 per month. Interest is $500 per month 4. Purchased a one-year malpractice insurance policy on January 1 for $24,000. 5. Purchased $1,600 of dental supplies. On January 31, determined that $400 of supplies were on hand. Do not inden mansally.) No. Date Account Titles and explanation Debit Credit 1. Ji Jan 31 Jan. 31 (To record monthly depreciation) Jan. 31 (o record interest on notes payable) 4. Jan. 31 5. Jan. 31 The trial balance for Pioneer Advertising Inc. is shown below. Credit Pioneer Advertising Inc. Trial Balance October 31, 2020 Debit Cash $15,200 Supplies 2,500 Prepaid Insurance 600 Equipment 5,000 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 500 Service Revenue Salaries and Wages Expense 4,000 Rent Expense $5,000 2,500 1,200 10,000 -0- 10,000 900 $28,700 $28,700 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $50. 4. Services related to unearned service revenue in October worth $600 were performed. Services performed but not recorded at October 31 are $300. Interest accrued at October 31 is $95. 7. Accrued salaries at October 31 are $1,625. Prepare the adjusting entries for the items above assuming financial statements are computed each month (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and explanation Debit Credit 1. Oct. 31 2. Oct. 31 3. Oct. 31 4. Oct. 31 5. Oct. 31 6. Oct. 31 7. Oct. 31