Current Attempt in Progress Elizabeth Brown, D.D.S. opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. 2. 3. Performed services for patients who had dental plan insurance. At January 31, $820 of such services were performed but not yet recorded Utility expenses incurred but not paid prior to January 31 totaled $680. Purchased dental equipment on January 1 for $84,000, paying $30,000 in cash and signing a $54.000.0, 3-year note payable. The equipment depreciates $420.0 per month. Interest is $540 per month. Purchased a one-year malpractice insurance policy on January 1 for $22,080. Purchased $1,500 of dental supplies. On January 31, determined that $500 of supplies were on hand. 4. 5. 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 Utilities Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Current Attempt in Progress The ledger of Blossom, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Credit Prepaid Insurance Supplies Equipment Unearned Service Revenue Debit 2,400 2.300 30,200 8,600 An analysis of the accounts shows the following. 1 2. 3. 4. Insurance expires at the rate of $500 per month. Supplies on hand total $1,700. The equipment depreciates $500 per month During March, services were performed for two-fifths of the unearned service revenue