Adjusting journals and adjusting trial balance

An analysis of the company's policies shows that $31,000 of insurance coverage has expired. An inventory shows that teaching supplies costing $13,400 are on hand at the end of the month. The estimated monthly depreciation on the equipment is $650. The estimated monthly depreciation on the professional library is $320. The school offers off-campus services for specific operators. On December 1 , the company agrees to do a special four-month course for a client. The contract calls for a $5,400 monthly fee, and the client paid the first two months" revenue in advance. When the cash was received, the Unearned Extension Revenue account was credited. The estimated monthly depreciation on the professional liturary is $320. The school offers off-campus services for specific operators. On December 1 , the company agrees to do a special four-month course for a climst. The contract calls for a $5,400 monthly fee, and the client paid the first two months' revenue in aduance. When the cash was received, the Uncarned Extension Revenue account was credited. On December 15 , the school agreed to teach a four-month class to an individual for $1,600 tuition per month payable at thie end of the claseThe services have been provided as agreed, and no payment has been received. The school's only employee is paid weekly. As of the end of the month, wages of $1,200 have accrued, The balance in the prepaid rent accoant represents the tent for December, January, February, and March. Laxt Part of Assicinment