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Additional Information Items a . An analysis of WTI's insurance policies shows that $ 3 , 2 0 3 of coverage has expired. b .
Additional Information Items
a An analysis of WTI's insurance policies shows that $ of coverage has expired.
b An inventory count shows that teaching supplies costing $ are available at yearend.
c Annual depreciation on the equipment is $
d Annual depreciation on the professional library is $
e On September WTI agreed to do five training courses for a client for $ each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $ cash in advance for all five training courses on September and WTI credited Unearned Revenue.
f On October WTI agreed to teach a fourmonth class beginning immediately for an executive with payment due at the end of the class. At December $ of the tuition revenue has been earned by WTI.
g WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $ per day for each employee.
h The balance in the Prepaid Rent account represents rent for December.
tabletableWELLS TECHNICAL INSTITUTEUnadjusted Trial BalanceDecember CashDebit,CreditAccounts receivable,$ Teaching supplies,Prepaid insurance,Prepaid rent,Professional library,Accumulated depreciationProfessional library,Equipment$ Accumulated depreciationEquipment,Accounts payable,,Salaries payable,,Unearned revenue,,T Wells, Capital,,T Wells, Withdrawals,,Tuition revenue,Training revenue,,Depreciation expenseProfessional library,,tableDepreciation expenseEquipmentSalaries expense,Insurance expense,Rent expense,Teaching supplies expense,Advertising expense,Utilities expense,Totals$$
Problem A Algo Part
a Post the balance from the unadjusted trial balance and the adjusting entries into the Taccounts.
b Prepare an adjusted trial balance.
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