b /2 ) an inventory account shows that teaching supplies cost $2840 are available at year end

Brown Technical Institute (BT), a school owned by Paul Brown, providos training to individuals who pyy tuition directly to the sheol. BTI also offers training to groups in off-site locations. its unadjusted trial balonce as of December 34,2022 , is found on the trial balance tab. BTI initially records prepoid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of BTi's insurance policies shows that $2,450 of coverage has expired: b. An inventoly count shows that teaching supplies costing $2,840 are avalable at year-end c. Annual depreciation on the equipment is $8,200. d. Annual depreciation on the professional library is $9,400. e. On November 1, BTI agreed to do a special six-month course (starting immediately) for a cliest The cortuact cals for a monthiy fee of $2,600, and the client paid the first five months' fees in advance. When the cash was received, the Unedened frainith Fees account was credited. f. On October 15, BTI agreed to teach a four-month class foeginning immediatev) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by BIt. 9. BTi's two employees are paid weekly. As of the end of the year, two days' salaries have acciued at the rate of $120 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December (8) Answer is complete but not entirely correct. For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary fo correctiy report the For transactions a-n, revew the unajustea oaiance ano prepare the agjusang entry necessary ro correcuy reporr me revenue earned or the expense incurred. Each adjustment is posted automatically to the generai ledder and traitigatinct as soon as you click "record entry