Sheffald Bannett, D$.$D$.$S$,$ opened an incorporated dental practice callad Sheffeld Bannett Profassional Dentistry Corporation on

January $1,2025.$ During the first month of operations the following selacted transactions occurred:

Performed sarvices for patients who had dantal plan insurance At January $31,$$$790$ of such sarvicas was earned but not yet

billed to the insurance companies.

Utility expenses incurred but nat paid prior to January $31$ totalled $$670.$

Purchased dantal equipment on January $1$ for $$104,000,$ paying $$26,000$ in cash and signing a $$78,000,3\%$year bank loan

payable $($intersst is paid aach Dacember $31).$ The aquipmant depreciation is $$570$ per month. Interast on the bank loan is

$$650$ per month.

Purchased a $1-$year malpractice insurance policy on January $1$ for $$31,200.$ The coat of the insurance policy was dabited to the

Prapaid Insurance account whan paid on January $1,2025.$

Purchased $$2,400$ of dental suppliss $($racorded as incrases to Supplias$).$ On January $31$ determinad that $$690$ of supplias

ware on hand.

Estimated income taxes for the month a mounting to $$390,$ to be paid next month.

Prepare the adjusting entries on January $31,2025.($Credit account titles are automatically indented when amount is entered. Do not indent

manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Date Account Titles and Explanation

Jan. $31$

Jan. $31$

Jan. $31$

$($To record depreciation$)$

Jan.

$31$

$[$To record interest$].$