1.

Performed services for patients who had dental plan insurance. At January 31, $780 of such services was completed but not yet billed to the insurance companies.

2.

Utility expenses incurred but not paid prior to January 31 totaled $540.

3.

Purchased dental equipment on January 1 for $87,590, paying $29,890 in cash and signing a $57,700, 3-year note payable (interest is paid each December 31). The equipment depreciates $590 per month. Interest is $620 per month.

4.

Purchased a 1-year malpractice insurance policy on January 1 for $48,000.

5.

Purchased $1,910 of dental supplies (recorded as increase to Supplies). On January 31, determined that $610 of supplies were on hand.

No.

Account Titles and Explanation

Debit

Credit

1.

2.

3.

(To record depreciation expense)

(To record interest expense)

4.

5.