Calculate and give the ADJUSTED trial balance:

entries on December 31.

Additional Information Items/ adjustments:

A. An analysis of WTI's insurance policies shows that $2,542 of coverage has expired.

B. An inventory count shows that teaching supplies costing $2,204 are available at year-end.

C. Annual depreciation on the equipment is $10,170.

D Annual depreciation on the professional library is

$5.085.

E. On September 1, WTI agreed to do five training courses for a client for $2,900 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 $14,500 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, $5,248 of the tuition revenue has been earned by WTI.

G. 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.

H. The balance in the Prepaid Rent account represents rent for December.

WELLS TECHNICAL INSTITUTE

Unadiusted Trial Balance

December 31

Cash- 27094

Accounts receivable- 0

Teaching supplies- 10420

Prepaid insurance- 15632

Prepaid rent- 2085

Professional library- 31262

Accumulated depreciation-Professional library- 9380

Equipment- 105,000

Accumulated depreciation-Equipment-16675

Accounts payable- 21000

Salaries payable

Unearned revenue- 0

Common stock- 30818

Retained earnings- 81000

Dividends- 41684

Tuition revenue- 106293

Training revenue- 39599

Depreciation expense Professional library- 0

Depreciation expense Equipment- 0

Salaries expense- 50,022

Tnsurance expense- 0

Rent expense- 22935

Teaching supplies expense- 0

Advertising expense - 7295

utilities expense- 5836

Totals 319265 / 319265