Current Attempt in Progress

Margaret Moore, D.D.S., 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, $800 of such services was performed but not yet billed to the insurance companies.
2.		Utility expenses incurred but not paid prior to January 31 totaled $498.
3.		Purchased dental equipment on January 1 for $75,000, paying $21,000 in cash and signing a $54,000, 3-year note payable. (a) The equipment depreciates $364 per month. (b) Interest is $520 per month.
4.		Purchased a one-year malpractice insurance policy on January 1 for $10,920.
5.		Purchased $1,665 of dental supplies. On January 31, determined that $520 of supplies were on hand.

Prepare the adjusting entries on January 31. Account titles are Accumulated DepreciationEquipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expenses, and Accounts Payable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
2.	enter an account title to record the second transaction	enter a debit amount	enter a credit amount
	enter an account title to record the second transaction	enter a debit amount	enter a credit amount
3. (a)	enter an account title to record the third transaction under point A	enter a debit amount	enter a credit amount
	enter an account title to record the third transaction under point A	enter a debit amount	enter a credit amount
3. (b)	enter an account title to record the third transaction under point B	enter a debit amount	enter a credit amount
	enter an account title to record the third transaction under point B	enter a debit amount	enter a credit amount
4.	enter an account title to record the fourth transaction	enter a debit amount	enter a credit amount
	enter an account title to record the fourth transaction	enter a debit amount	enter a credit amount
5.	enter an account title to record the fifth transaction	enter a debit amount	enter a credit amount
	enter an account title to record the fifth transaction	enter a debit amount	enter a credit amount