Additional Information Items a. An analysis of WTI's insurance policies shows that $3,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,120 are avallable at year-end. c. Annual depreciation on the equipment is $14,400. d. Annual depreciation on the professional library is $7,200. e. On September 1, WTI agreed to do five courses for a client for $2,400 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 $12,000 cash in advance for all five 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,$11,700 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 Prepald Rent account represents rent for December. 1 em xpense Teaching supplies' expense Advertising expense Utilities expense Totals \begin{tabular}{|l|l|l|l|} \hline Unadjusted Balance & & & \\ \hline \end{tabular} Unadjusted Balance \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Unearned Revenue } \\ \hline Unadjusted Balance & & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Unadjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Retained Earnings } \\ \hline Unadjusted Balance & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Unadjusted Balance & & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{c|}{ Training Revenue } \\ \hline Unadjusted Balance & & & \\ \hline Adjusted Balance & & & \\ \hline Depreciation Expense-Professional Library \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Unadjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Unadjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Depreciation Exponse-Equipment } \\ \hline Unadjusted Balance & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Advertising Exponso } \\ \hline Unadjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline & & \\ \hline & & \\ \hline Unadjusted Batance & & \\ \hline & & \\ \hline & & \\ \hline Adjusted Balance & & \\ \hline \end{tabular} \begin{tabular}{ll|l} \hline & Insurance Expense \\ \hline & & \\ \hline Unadjusted Balance & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ WELLSTECHNICAL INSTITUTE } \\ \hline & Adjusted Trial Balance \\ \hline December 31 \\ \hline Cash \\ \hline Accounts receivable \\ \hline Teaching supplies \\ \hline Prepaid insurance \\ \hline Prepaid rent \\ \hline Professional library \\ \hline Accumulated depreciation-Professional library \\ \hline Equipment & Accumulated depreciatjon-Equipment \\ \hline Accounts payable \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Salaries payable \\ \hline Unearned revenue \\ \hline Common stock \\ \hline Retained earnings \\ \hline Dividends \\ \hline Tuition revenue \\ \hline Training revenue \\ \hline Depreciation expense-Professional library \\ \hline Depreciation expense-Equipment \\ \hline Salaries expense \\ \hline Insurance expense \\ \hline Rent expense \\ \hline Teaching supplies expense \\ \hline Advertising expense \$ \\ \hline Utilities expense & \\ \hline \end{tabular} Utilities expense Totals