Maria Miller, D$.$D$.$S$,$ opened a dental practice on January $1,2027.$ During the first month of operations, the following transactions

occurred.

Performed services for patients who had dental plan insurance. At January $31,$$$860$ of such services was completed but not

yet billed to the insurance companies.

Utility expenses incurred but not paid prior to January $31$ totaled $$690.$

Purchased dental equipment on January $1$ for $$85,000,$ paying $$28,000$ in cash and signing a $$57,000,3-$year note payable

$($interest is paid each December $31).$ The equipment depreciates $$425$ per month. Interest is $$570$ per month.

Purchased a $1-$year malpractice insurance policy on January $1$ for $$21,840.$

Purchased $$1,700$ of dental supplies $($recorded as increase to Supplies$).$ On January $31,$ determined that $$500$ of supplies

were on hand.