Additional Information Items a. An analysis of WTI's insurance policies shows that $2,807 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,433 are available at year-end 2017. C. Annual depreciation on the equipment is $11,227. d. Annual depreciation on the professional library is $5,614. e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,019 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.) 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. Credit $ 9,014 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 Debit Cash $ 26,038 Accounts receivable 0 Teaching supplies 10,013 Prepaid insurance 15,023 Prepaid rent 2,004 Professional library 30,043 Accumulated depreciation, Professional library Equipment 70,087 Accumulated depreciation- Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals 40,059 Tuition fees earned Training fees earned Depreciation expense- 0 Professional library Depreciation expense-Equipment 0 Salaries expense 48,071 Insurance expense 0 Rent expense 22,044 Teaching supplies expense 0 Advertising expense 7,010 Utilities expense 5,608 Totals $276,000 16,025 34,565 0 12,500 63,693 102,148 38,055 $276,000 Complete this question by entering your answers in the tabs below Req 2A Req 2B Post the balance from the unadjusted trial balance and the adjusting entries accounts. Cash Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Accounts Receivable Accumulated Depreciation- Equipment Unadj. Bal. Jnadj. Bal. Adj. Bal. Adj. Bal. Teaching Supplies Accounts Payable Jnadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Prepaid Insurance Salaries Payable Jnadj. Unadj. Bal. Bal. Adj. Bal. Adj. Bal. Prepaid Rent Unadj. Bal. Unearned Training Fees Unadj. Bal. Adj. Bal. Adj. Bal Professional Library T. Wells, Capital Unadj. Unadj. Bal. Bal. Adj. Bal. Adj. Bal. T. Wells, Withdrawals Accumulated Depreciation- Professional Library Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Tuition Fees Earned Rent Expense Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Training Fees Earned Unadj. Bal. Teaching Supplies Expense Unadj. Bal. Adj. Bal. Adj. Bal. Advertising Expense Depreciation ExpenseProfessional Library Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Utilities Expense Depreciation Expense-Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Salaries Expense Insurance Expense Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Req 2A Req 2B Credit Prepare an adjusted trial balance. WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31, 2017 Debit Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation- Professional library Equipment Accumulated depreciation- Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense- Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals