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Donna Clark, D$.$D$.$S$.,$ opened a dental practice on January $1.$ During the first month of operations, the following transactions occurred.

Purchased dental equipment on January $1$ for $$88,800.$ The equipment depreciates $$444$ per month.

Purchased a one$-$year malpractice insurance policy on January $1$ for $$25,920.$

Purchased $$1,650$ of dental supplies. On January $31,$ determined that $$460$ of supplies were on hand.

Prepare the adjusting entries on January $31.$ Account titles are Accumulated Depreciation$-$Equipment, Depreciation Expense, Insurance Expense, Prepaid Insurance, Supplies, and Supplies Expense. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

No$.$ Date Account Titles and Explanation

Debit

Credit

Jan. $31$

Jan. $31$

Jan. $31$