Complete the following adjusting entries a. An analysis of the company' s insurance policies show that 9,500 of coverage has expired. b. An inventory count shows that teaching supplies costing $20,000 are available at year-end 2019 c. Annual depreciation on the equipment is $5,000 d. Annual depreciation on the furniture is $2,400 e. On November 1, the company agreed to do a special 5-month course (starting 11/1) for a client. The contract calls for a $14,300 monthly fee, and the client paid the first 2- months' fees in advance When the cash was received, the Unearned Training Fees account was credited. f. On October 1, the company agreed to teach a 4-month class (beginning immediately) to an individual for $2,300 tuition per month payable at the end of the class. The class started on October 1, but no payment has yet been received g. The company' s only employee is paid weekly. As of the end h. The balance in the Prepaid Rent account represents rent for 1 Make the necessary adjustments on the attached worksheet of the year, 3-days salaries have accrued at the rate of $150 per day. December and develop an adjusted trial balance. 2 Based upon the Adjusted Trial Balance generate an Income Statement, Statement of Owner' s Equity and Balance Sheet, all in good order and form Unadjusted Trial Balance Debit Adjusting Entries Credit Adjusted Balance Debit Debit Credit Credit Cash Accounts Receivable net Teaching Supplies Prepaid Insurance Prepaid Rent Furniture Accum Dep Furniture Equipment Accum Dep Equipment Accounts Payable Salaries Payable Unearned Training Fees Daylen Capital Daylen Draws Training Revenue Depreciation Expense Furniture Depreciation Expense Equipment Salary and Wages Insurance Expense Rent Expense Teaching Supplies Expense Advertising Expense Utilities Expense 60,000 0 70,000 19,000 3,800 12,000 40,000 11,200 71,500 20,000 197,200 0 0 44,200 0 29,600 0 19,000 13,400 $331,000 $331,000