Additional Information Items a. An analysis of WTI's Insurance policies shows that $3,203 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,776 are available at year-end. c. Annual depreciation on the equipment is $12,814. d. Annual depreciation on the professional library is $6,407. e. On September 1, WTI agreed to do five training courses for a client for $2,900 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 $14,500 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $8,500 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 $100 per day for each employee, h. The balance in the Prepaid Rent account represents rent for December WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 26,038 0 10,013 15,023 2,004 30,043 $ 9,014 104,000 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation Professional library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned revenue T. Wells, Capital T. Wells, Withdrawals Tuition revenue Training revenue Depreciation expenso-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expenso Advertising expense Utilities expense Totals 16,025 22,000 0 14,500 108,171 40,059 102,148 38,055 0 48,071 0 22,044 0 7,010 5,608 $ 309,913 $ 309,913 2-a. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. 2b. Prepare an adjusted trial balance