32 Brown Technical Institute (BTI), a school owned by Paul Brown, provides training to individuals who pay tuition direct BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a thr require adjusting entries on December 31. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8.200. d. Annual depreciation on the professional library is $9.400, e. On September 1. BTI agreed to do five courses for a clierit for $2,600 each. Two courses will start immediately and end of the year. Three courses will not begin until next year. The client paid $13,000 cash in advance for all five co September 1, and BTI credited Uneamed Training Fees f. On October 15, BTI agreed to teach a four-month class (beginning immediately) for an executive with payment due class. At December 31. $8.000 of the tuition has been earned by BTI. g. BTI's two employees are paid weekly As of the end of the year, two days' salaries have accrued at the rate of $120 employee h. The balance in the Prepaid Rent account represents rent for December Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report to earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as so "record entry View transaction list Journal entry worksheet 3 5 8 The balance in the Prepaid Rent account represents rent for December Note Enter debits before credits 32 Brown Technical Institute (BTI), a school owned by Paul Brown, provides training to individuals who pay tuition direct BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a thr require adjusting entries on December 31. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8.200. d. Annual depreciation on the professional library is $9.400, e. On September 1. BTI agreed to do five courses for a clierit for $2,600 each. Two courses will start immediately and end of the year. Three courses will not begin until next year. The client paid $13,000 cash in advance for all five co September 1, and BTI credited Uneamed Training Fees f. On October 15, BTI agreed to teach a four-month class (beginning immediately) for an executive with payment due class. At December 31. $8.000 of the tuition has been earned by BTI. g. BTI's two employees are paid weekly As of the end of the year, two days' salaries have accrued at the rate of $120 employee h. The balance in the Prepaid Rent account represents rent for December Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report to earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as so "record entry View transaction list Journal entry worksheet 3 5 8 The balance in the Prepaid Rent account represents rent for December Note Enter debits before credits