001 directly to the school. WTI also offers training to groups in off-site locations. Its December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow Additional Information Items a. An analysis of wTrs insurance policies shows that ,807 of coverage has expired. b. An inventory count shows that teaching supplies costing $2.433 are available at year-end 2017 t is $11,227 d. Annual depreciation on the professional library is $5.614 e. On r 1. WTI agreed to do a special six-month course (starting immediately) for a client The contract calls the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected 15, WTI agreed to teach a four-month class per month payable at the end of the class. The class started on October 15, but no (WTI's accruals are applied to the nearest half-month; for example, October recognizes g. WTI's two employees are paid weekly. As of the end of the year, two days salaries have accrued at the rate of $100 per day for each employee h. The balance in the Prepaid Rent account represents rent for December