Check my work 2 Unadjusted Trial Balance December 31, 2017 Credit Cash 094 Part 2 of 3 Accounts rcceivable 0 Teaching Bupplies 10.420 rance Propaid ront 2.085 20 Professional library 31,262 $ 9,3B0 points depreciation-Professional 1ibrary Equipment 72,935 Accumulated depreciation-Equipment Accounts payable 16,675 35,976 eBoole Unearned training fees T. Wells, Capital 13,000 66,277 1s 41,684 Tuition feea earned 106,293 Print 39,599 Training fees earned Depreciation expanse-Eoss nal library pense-Equipment Salaries expense References 50,022 Insurance expense 22,935 hin unnlies expense Advertising expense Utilitiea expenae 7,295 5,836 s 287,200 Totals $287,200 Problem 3-3A Part 2 2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. 2-b. Prepare an adjusted trial balance. Complete this question by entering your answers the tabs below. Required information Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO A1, P1, P2, P3 [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. Additional Information Items a. An analysis of WTI's insurance policies shows that $3,732 of coverage has expired b. An inventory count shows that teaching supplies costing $3,235 are available at year-end 2017. c. Annual depreciation on the equipment is $14,929. d. Annual depreciation on the professional library is $7,464 e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,600, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited The fee for the sixth month will be recorded when it is collected in 2018 f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,740 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half- month; for example, October recognizes one-half month accrual.) 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. Complete this question by entering your answers in the tabs below. Req Req Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. Cash Equipment Unadj. Bal. Unadj Bal. Adj Bal Adj. Bal 0 0 Accumulated Accounts Receivable Depreciation- Equipment Unadj. Bal Unadj. Bal. Adj Bal Adj. Bal Teaching Supplies Unadj Bal. Accounts Payable Unadj Bal Adj Bal Adj. Bal 0 Salaries Payable Unadj. Bal Prepaid Insurance Unadi. Bal Adj. Bal. Adj. Bal Unearned Training Fees Unadj Bal Prepaid Rent Unadj Bal. Adj Bal. Adj. Bal Professional Library Unadj. Bal T.Wells, Capital Unadj. Bal Adj. Bal Adj. Bal 0 Accumulated Depreciation Professional Library Unadj. Bal. T. Wells, Withd rawals Unadj. Bal Adj Bal Adj Bal 0 Bal Bal. Print Adj Bal. Adj. Bal 0 Referen Accumulated Depreciation- Professional Library Unadj. Bal T.Wells, Withdrawals Unadj. Bal Adj Bal Adj. Bal Rent Expense Tuition Fees Earned Unadj Bal. Unadj. Bal. Adj Bal Adj Bal 0 Teaching Supplies Expense Training Fees Earned Unadj. Bal Unadj. Bal. Adj Bal Adj Bal Depreciation Expense- Professional Library Unadj. Bal Advertising Expense Unadj Bal. |Adj. Bal Adj. Bal 0 Depreciation Expense Equipment Utilities Expense Unadj. Bal Unadj. Bal Adj Bal. Adj Bal Salaries Expense Unadj. Bal Insurance Expense Unadj. Bal Adj Bal Adj Bal 0 Rea 2A Req 2B entries in to the Referenc 2-b. Prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Req Rea Prepare an adjusted trial balance. WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31, 2017 Debit Cred it Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation- Professional library Equipment Accumulated depreciation- Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense- Professional library Depreciation expense- Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals O $ 0 Req 2A Req 2B