Additional Information Items . An analysis of WTI's insurance policies shows that $3,071 of coverage has expired. . An inventory count shows that teaching supplies costing $2,662 are available at year-end. c. Annual depreciation on the equipment is $12,285. 1. Annual depreciation on the professional library is $6,142. e. On September 1, WTI agreed to do five training courses for a client for $2,300 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 $11,500 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, $9,350 of the tuition revenue has been earned by WTI. . 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. . The balance in the Prepaid Rent account represents rent for December. WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Cash Accounts receivable Teaching supplies Debit $ 26,793 Credit 0 10,304 Prepaid insurance 15,458 Prepaid rent 2,062 Professional library 30,913 Accumulated depreciation-Professional library $ 9,275 Equipment 99,000 Accumulated depreciation-Equipment 16,489 Accounts payable 25,000 Salaries payable 0 Unearned revenue Common stock 11,500 25,351 Retained earnings Dividends Tuition revenue Training revenue Depreciation expense-Equipment Salaries expense Insurance expense 79,000 41,220 105,108 39,158 Depreciation expense-Professional library 0 0 49,464 0 Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 22,682 0 7,214 5,771 $ 310,881 $ 310,881 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 An analysis of WTI's insurance policies shows that $3,071 of coverage has expired. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal >