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what is the answer Bramble Corp., opened an incorporated dental practice on January 1, 2022. During the first month of operations, the following transactions occurred.
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Bramble 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,$900 of such services was completed but not yet bililed to the insurance companies. 2. Utility expenses incurred but not paid prior to January 31 totaked $990. 3. Purchased dental equipment on January 1 for $86,550, pwing $20,100 in cash and signing a $66,450,3year note payable (interest is paid each December 311 . The equipment depreciates $410 per month. Interest is $710 per month. 4. Purchased a 1-year malpractice insurance policy on January 1 for $24,000. 5. Purchased $2,730 of dental supplies (recorded as increase to Supplies). On January 31 , determined that $500 of suppies were on hand. Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation-Equipment, Depreciation Expense, Service Revemac, Accounts Receivable, Insurance Expense, Interest Expense, interest Payable, Prepaid lnsurance, Supplies, Supplies Expense. Utilities Expense, and Accounts Piyable. Of no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts. Credit account titles are autamatically indented when the amount is entered. Do not indent manually) Credit account tities are outomatically indented when the amount is entered. Do not indent manually Step by Step Solution
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