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View Policies Current Attempt in Progress Cheyenne Corp. opened an incorporated dental practice on January 1, 2022. During the first month of operations, the
View Policies Current Attempt in Progress Cheyenne Corp. 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. $740 of such services was completed but not yet billed to the insurance companies. Question 1 Accounting Drop Question 2 Accounting Drop 2. Utility expenses incurred but not paid prior to January 31 totaled $450. Question 3 Accounting Mult 3. 4. Purchased dental equipment on January 1 for $80,100, paying $20,100 in cash and signing a $60,000, 3-year note payable (interest is paid each December 31). The equipment depreciates $350 per month. Interest is $450 per month. Purchased a 1-year malpractice insurance policy on January 1 for $24,000. Viewing Que 4 5. Purchased $1,760 of dental supplies (recorded as increase to Supplies). On January 31. determined that $500 of supplies were on hand. Accounting Drop 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. (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 Account Titles and Explanation Debit Credit Question 5 Accounting Orop Question 6 Accounting Multi Question 7 Accounting Multin 1 Jan. 31
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