answer all

GL0302 (Static) - Based on Problem 3-3A Wells Technical Institute LO P1, P2, P3, P4, P5 Wells Technical Instituse WTT, a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school: WTi also offers training to groups in offste locations, its unad usted trial bulance as of December 31,2022 is found on the thial balance tab. WTi initially records prepaid expenses and unearned revenues in baiance sheet accounts. Descriptions of items a through h that require adjusting entries on December folow. a. An analysis of WTi's insurance policies shows that $2.400 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,800 are available at yearend. c. Annual depreciation on the equipment is $13.200. d. Annual depreciation on the protessional liprary is $7.200. e. On Noveriber 1, WTI agreed to do a special six-month course (starting immediately for a client. The contract calls for a monthly fee of $2500, and the clent paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited 1. 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,$7,500 of the tution has been earned by WTL. 9. WTr's two employees are paid weeky. As of the end of the year, two days' salaries have acerued at the rate of $100 per day for each employee. h. The balance in the Prepald Rent account represents rent for December For transactions a-h, review the unadjustad balance and pwpane the adjusting entry necescary to cornectly report the revenue eamed or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry". Journal entry worksheet (3) (4) 5,678 An analvsis of WTTs insurance policies showrs that $2.400 of coverage has expired. Wofte fant debes beliore ornte. GL0302 (Static) - Bosed on Problem 3-3A Wells Technical Institute LO P1, P2, P3, P4, P5 Wells Tectinical Institute (WT). a school owned by Tristans Wells, provides training to indwiduals who pay trition directly to the school. WT also offers training to groups in offsite iocations, its unadjusted trial balance as of December 31,2022 is found on the trial balance tab WT initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of thems a through h that require adjusting entries on December 31 follow. Q. An analysis of WTTs insurance policics shows that $2400 of coverage has expired. b. An imventory count shows that teaching supplier costing $2,800 are available at yearend. c. Annual depreciation on the equipment is $13.200. d. Annual depreciation on the professional fiorary is $7200. e. On November 1, WT agreed to do a special six-morth 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 recelved, the Unearned Training Fees account was credited: 1. On October 15, WTI agreed to teach a fourmonth class foeginning immediotelyl for an executive with payment due at the end of the class. At December 31,$7.500 of the tuition has been earned by WT. 9. WTis two empioyees 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 accoumt represemts rent for December Use the drop-downs to select the accounts properly included on the income statement. The unadjuated or adjusted balances will appear for each account, based on vour selection. GLO302 (Static) - Based on Problem 3-3A Wells Technical institute LO P1, P2, P3, P4, P5 Wells Technical institute WT). a school owned by Tristana Wels, provides training to individuas who pay tuition directly to the school. WT also offers training to groups in off-site locations. its unadjuted trial belance as of December 312022 is found on the trial balance tab. WT initially records prepaid expenses and unearned revenues in balance sheer accounts. Descriptions of items s through h that require adjusting entries on December 31 follow a. An analysis of WTrs insurance policies stows that $2,400 of coversge has expired. b. An inventory count shows that teoching supplies costing $2800 are available ot year end. c. Annual deprecistion on the equipment is $13,200. d. Annual depreclation on the protessional library is 57,200 . e. On November 1. WTI agreed to do a special six-month course (starting immediatelyn for a cient. The corituact calls for a monthly feeof $2.500, and the cient poid the fitst five months' fees in advsnce. When the cash was received, the Uncarned Training Fees account was credited. 1. On October 15, WTI agreed to teach a fourmonth cass foeginhing immediateyl for an executive with payment due at the end of the class. At December 3157,500 of the tution has been earned by WTI g. WTIs two employees are paid weeky, As of the end of the yeac, two doys' salaries have accrued at the rate of 5100 per doy for each employee. h. The balance in the Prepaid Rent account represents rent for Decembee, Use the drop-downs to select the accounts properly induded on the balance sheet. The unadjusted or austed balances will appear for each account baned on your nelocton. Indiude all halance shert accounts, even those with GL0302 (Static) - Based on Problem 3-3A Wells Technical Institute LO P1, P2, P3, P4, P5 Wells Technical Institute (WT), a schooi owned by Tristana Wels, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations its unacjusted trial ba lance as of December 31,2022 is found on the trial balance tab. WTl initially records prepaid expenses and unearned reverives in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of WTi's insurance policies shows that $2400 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,800 are avallable at yearend. c. Annual depreciation on the equipment is $13.200. d. Annual depreciation on the professionalilibrary is $7,200 e. On November 1, WT agreed to do a-special six-month course (starting immediately for a client. The contract cails for a monthly fee of $2,500, and the cient paid the firs five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited 4. On October 15. WT agreed to teach a fourmonth ciass (beginning immediately) for an executive with payment due at the end of the class. At December 31,$7,500 of the tuition has been eamed by WTI 9. WT'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 Decembet For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net incompe before adjustments can be found on the income statement tab. (Hintr Select unadjusted on the drop-down.)