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View Policies Current Attempt in Progress Nancy. D.D.S, opened an incorporated dental practice on January...

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Accounting

View Policies Current Attempt in Progress Nancy. D.D.S, opened an incorporated dental practice on January 1, 2025. During the first month of operations, the following transactions occurred. Performed services for patients who had dental plan insurance. At January 31,$900 of such services was completed but not yet billed to the insurance companies. Utility expenses incurred but not paid prior to January 31 totaled $790. Purchased dental equipment on January 1 for $86,650, paying $22,200 in cash and signing a $64,450,3-year note payable (interest is paid each December 31). The equipment depreciates $390 per month. Interest is $710 per month. Purchased a 1-year malpractice insurance policy on January 1 for $24,300. Purchased $2,210 of dental supplies (recorded

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