answer all parts correct

Required informetion Problem 3.3A (Algo) Preparing adjusting entries, adjusted trial balance, and financial statements LO P1. P2, P3, P4, P5 [The Aaboswing information applies to the questions displayed below] Wess Technical Instatue (WTD, a school owined by Iristana. Weils, provides training to individuals who pay tuition directly to the schaol. W7 also offers training to groups in off-site locations. WII initisly records prepaid experises and uneamed revenues in balance sheet accounts. Hts unadjusted trial balance as of December 31 follows, along with descriptions of fems a thirough h that require adjusting entries on December 34 Additional information frems a. An analysts of Wrrs insurance policies shows that $3,07 of coverage has expired. b. An imventory count shows that teaching supplies costing $2,662, are available at yearend. c. Annual depreclabon on the equipment is 512.285 d. Anriual depreciation on the professional liberary is 56.542 6. On September 1, WTI agreed to do five courses for a client for $2.900 eoch. Two courses wil statt immediately and fininh before the end of the year. Three courses will not beoin untal next yoar. The client paid 514.500cash in advance for all five courses on September t and WTI credited Unetained Revenue. f. On October is, WTI agreed to teach a four-month class (beginning immediately) for an crecutive woh payment due at the end of the class. At December 31. 57.850 of the turbon revenue has been eamed by WTI 9. Wris two employees are paid weekly. As of the end of the yeac, two doys' salaries have accrued at the rate of stoo per day for each employee h. The balance in the Prepaid Rent account represents rent for December. h. The balance in the Prepaid Rent account represents rent for December: Problem 3-3A (Algo) Part 2 2. b. Ferpare an acfisterd triat balance Cedmplete this question try entering your ansyrers in the tabs below. Post the balance from the unadjusted tiat Eulante and the adjusting entrles inte the Traccounts. Carpehere 1 fwin question hy entering your answers in then tabs beliow. Prepare Wills Technicat Lnstitutw's income statement for the year. 3.a. Prepare Weils Technical institute's income statement for the year 3.b. Prepare Weils Technical institute's staterient of retained earnings for the year. The Retained Earnings account balance was 883.000 on December 31 of the prior year. 3-c. Prepare Wells Technical institute's balance sheet as of December 3 . Complete this question by entering your answers in the tabs below. Prepare Wwils Technical Institute's statement of retained eamings for the year. The Retained Earnings account balance was se3,000 on December 31 of the prior year, Prepare Wolls Technical institute's balance sheet as of December 31. Indude all balknce sheet accounts, aven those with rievo Eabancest. Frepare Wrin fichnical institute k balance sheet at of Decumber 31, fndude ali balance ahnet accourts, wven those with zero balines. Problem 3.3A (Algo) Preparing adjusting entries, acj usted trial balance, and financial statements Lo p1, p2,p3,p5 P2,P3,P4,P5 Wely Techinical tritatute Wri, a sehool owned by Tristana Wels, provides traking fo indimiduls and pay tation drectly to the school. Wri alto offers training to groups in off-ute locetions. WTI teresily records prepald expenses and unearned revenives in balance sheet accourts. Its unadjusted tral balance as of December 11 followe, along with descripticns of foina in Urough f that recure adjusting entries on December 31 Additanal information items n. An analyws of WTrs insurance policies shows that 53,071 of coverage has expired b. An inventory count shows that teaching supplises costing $2.662 are avakable at year-end c. Annual depreciation on the equigment is $12.285 d. Arinuat depreciation on the professional tarary is $6,142 e. On Septermber 1 Whin agreed to do feve courses for a client for 52.900 each. Two couisets will start inmediately and finish before the end of the year. Thee courses wil not begin until nest year. The client paid 544500 cash in idvarice for all fue courses on September t and WT crested Unearned Revenue: f. On. October t5, WIt agreed to feach a four-monti class (beginning immediately) for an excutive with payment due at the end of the ciars. At December 31,37850 of the fiston reverue has been earned by WTI ther day for each employee h. The balance in the Prepaid Rent account represents rent for Deceitber. Problem 3-3A (Algo) Part 3 3-a. Prepare Wells Tectuical institute's income stateenent for the year. 3.b. Prepare Wells Techinical Instutute's statement of retained earnings for the year. The fietained Farringr account balance was siga, 000 on December 31 of the priaryear 3-c. Prepare Wells Technical institutes bolance sheet as of December 31 . Required informetion Problem 3.3A (Algo) Preparing adjusting entries, adjusted trial balance, and financial statements LO P1. P2, P3, P4, P5 [The Aaboswing information applies to the questions displayed below] Wess Technical Instatue (WTD, a school owined by Iristana. Weils, provides training to individuals who pay tuition directly to the schaol. W7 also offers training to groups in off-site locations. WII initisly records prepaid experises and uneamed revenues in balance sheet accounts. Hts unadjusted trial balance as of December 31 follows, along with descriptions of fems a thirough h that require adjusting entries on December 34 Additional information frems a. An analysts of Wrrs insurance policies shows that $3,07 of coverage has expired. b. An imventory count shows that teaching supplies costing $2,662, are available at yearend. c. Annual depreclabon on the equipment is 512.285 d. Anriual depreciation on the professional liberary is 56.542 6. On September 1, WTI agreed to do five courses for a client for $2.900 eoch. Two courses wil statt immediately and fininh before the end of the year. Three courses will not beoin untal next yoar. The client paid 514.500cash in advance for all five courses on September t and WTI credited Unetained Revenue. f. On October is, WTI agreed to teach a four-month class (beginning immediately) for an crecutive woh payment due at the end of the class. At December 31. 57.850 of the turbon revenue has been eamed by WTI 9. Wris two employees are paid weekly. As of the end of the yeac, two doys' salaries have accrued at the rate of stoo per day for each employee h. The balance in the Prepaid Rent account represents rent for December. h. The balance in the Prepaid Rent account represents rent for December: Problem 3-3A (Algo) Part 2 2. b. Ferpare an acfisterd triat balance Cedmplete this question try entering your ansyrers in the tabs below. Post the balance from the unadjusted tiat Eulante and the adjusting entrles inte the Traccounts. Carpehere 1 fwin question hy entering your answers in then tabs beliow. Prepare Wills Technicat Lnstitutw's income statement for the year. 3.a. Prepare Weils Technical institute's income statement for the year 3.b. Prepare Weils Technical institute's staterient of retained earnings for the year. The Retained Earnings account balance was 883.000 on December 31 of the prior year. 3-c. Prepare Wells Technical institute's balance sheet as of December 3 . Complete this question by entering your answers in the tabs below. Prepare Wwils Technical Institute's statement of retained eamings for the year. The Retained Earnings account balance was se3,000 on December 31 of the prior year, Prepare Wolls Technical institute's balance sheet as of December 31. Indude all balknce sheet accounts, aven those with rievo Eabancest. Frepare Wrin fichnical institute k balance sheet at of Decumber 31, fndude ali balance ahnet accourts, wven those with zero balines. Problem 3.3A (Algo) Preparing adjusting entries, acj usted trial balance, and financial statements Lo p1, p2,p3,p5 P2,P3,P4,P5 Wely Techinical tritatute Wri, a sehool owned by Tristana Wels, provides traking fo indimiduls and pay tation drectly to the school. Wri alto offers training to groups in off-ute locetions. WTI teresily records prepald expenses and unearned revenives in balance sheet accourts. Its unadjusted tral balance as of December 11 followe, along with descripticns of foina in Urough f that recure adjusting entries on December 31 Additanal information items n. An analyws of WTrs insurance policies shows that 53,071 of coverage has expired b. An inventory count shows that teaching supplises costing $2.662 are avakable at year-end c. Annual depreciation on the equigment is $12.285 d. Arinuat depreciation on the professional tarary is $6,142 e. On Septermber 1 Whin agreed to do feve courses for a client for 52.900 each. Two couisets will start inmediately and finish before the end of the year. Thee courses wil not begin until nest year. The client paid 544500 cash in idvarice for all fue courses on September t and WT crested Unearned Revenue: f. On. October t5, WIt agreed to feach a four-monti class (beginning immediately) for an excutive with payment due at the end of the ciars. At December 31,37850 of the fiston reverue has been earned by WTI ther day for each employee h. The balance in the Prepaid Rent account represents rent for Deceitber. Problem 3-3A (Algo) Part 3 3-a. Prepare Wells Tectuical institute's income stateenent for the year. 3.b. Prepare Wells Techinical Instutute's statement of retained earnings for the year. The fietained Farringr account balance was siga, 000 on December 31 of the priaryear 3-c. Prepare Wells Technical institutes bolance sheet as of December 31