Diane Baden, D.D.S., opened a dental practice on January 1, 2017. During the first month of operations the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, 51.280 of such services were performed but not yet recorded 2. Uslity expenses incurred but not paid prior to January 31 totaled $365. 3. Purchased dental equipment on January 1 for $80,000, paying $20,000 in cash and signing a $60,000, 3-year note payable. The equipment depreciates $500 per month. Interest is $600 per month 4. purchased a one-year malpractice insurance policy on January 1 for $9,600 5. Purchased $2.300 of dental supplies. On January 31. determined that $700 of supplies were on hand, A/C The Instructions Prepare the adjusting entries on January 31 DI Or 2 The ledger of Hager Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Credit Debit $54,700 $4,200 $ 3,400 $30,000 Cash Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $10,500 $25,000 $10,800 $60,000 -0- $14,000 An analysis of the accounts shows the following. 1. The equipment depreciates $300 per month. 2. The unearned rent revenue represents $10,800 collected on January 1 for the period January 1 through March 31. 3. Interest of $750 is accrued on the notes payable. 4. Supplies on hand total $1,300. 5. The company paid $4,200 on January 1 for a 2-year insurance policy. Instructions Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly