Practice Exercise 3-3 Bramble, CPA, opened an accounting consulting practice on January 1, 2017. During the first month of operations, the following transactions occurred. 1. Performed services for customers with terms net 60. At January 31, $4,150 of such services was performed but not 2. Utility expenses incurred but not paid prior to January 31 totaled $1,210. 3. Purchased computer and networking equipment on January 1 for $44,000, paying $22,000 in cash and signinga 4. Purchased a one-year insurance policy on January 1 for $19,200 yet billed to the insurance companies. $22,000, 3-year note payable. The equipment depreciates $880 per month. Interest is $220 per month. 5. Purchased $1,800 of supplies. On January 31, determined that $850 of supplies were on hand. No. Account Titles and Explanation Debit Credit 1. 2. 3. (To record depreciation expense) 3. (To record interest expense) 4. 5