Wildhorse Co., 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, $848 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid or recorded prior to January 31 totaled $504. Purchased dental equipment on January 1 for $89,600, paying $22,400 in cash and signing a $67,200, 3-year note payable (interest is paid each December 31). The equipment depreciates $448 per month. Interest is $560 per month. Purchased a 1-year malpractice insurance policy on January 1 for $26,880. Purchased $1,960 of dental supplies (recorded as increase to Supplies). On January 31, determined that $616 of supplies were on hand. 2. 3. 4. 5. Prepare the adjusting entries on January 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Wildhorse Co0, 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,$848 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 $504. 3. Purchased dental equipment on January 1 for $89,600, paying $22,400 in cash and signing a $67,200,3-year note payable (interest is paid each December 31 ). The equipment depreciates $448 per month. Interest is $560 per month. 4. Purchased a 1-year malpractice insurance policy on January 1 for $26,880. 5. Purchased $1,960 of dental supplies (recorded as increase to Supplies). On January 31 , determined that $616 of supplies were on hand. Prepare the adjusting entries on January 31 . (Credit account titles are outomatically indented when the amount is entered. Do not indent Wildhorse Co, 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; \$848 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 $504. 3. Purchased dental equipment on January 1 for $89,600, paving $22,400 in cash and signing a $67,200,3 year note payable (interest is paid each December 31 ). The equipment depreciates $448 per month. Interest is $560 per month 4. Purchased a 1-year mulpractice insurance poliky on January 1 for $26,8.80. 5. Purchased $1,960 of dental supplies (recorded as increase so Supplies). On January 31 determined that $616 of supplies were on hand. Prepare the adjusting entries an Janvary 31. ICredit account titks are outomotically indented when the amount is entered, Do not indent marsually)