Dec. 31 Insurance Expense. Prepaid Insurance....... Record the insurance expired. Adjustments 31 Teaching Supplies Expense. Teaching Supplies ....... Adjustment (b) Record supplies used ($8,000 - $2,800). Adjustment (c) 31 Depreciation Expense-Equipment........... Accumulated Depreciation Equipment...... Record equipment depreciation. Adjustment (d) 31 Depreciation Expense-Profess. Library ..... Accumulated Depreciation-Profess. Library. Record professional library depreciation. Adjustment (e) 31 Unearned Revenue .... Training Revenue... Record revenue earned for two courses that was collected in advance. Adjustment (f) 31 Salaries Expense ... Salaries Payable 31 Accounts Receivable........ Tuition Revenue..... Record tuition earned. 31 Rent Expense Adjustment (g) Record accrued salaries (2 days x $100 x 2 employees). Adjustment (h) Prepaid Rent............. Record expiration of prepaid rent. 2,400 5,200 13,200 7,200 5,000 7,500 400 3,000 2,400 5,200 13,200 7,200 5,000 7,500 400 3,000

Adiustments Dec. 31 Insurance Expense 2,400 2,400 Prepaid Insurance Record the insurance expired. Adjustment (b) 31 Teaching Supplies Expense 5,200 Teaching Supplies Record supplies used ($8,000$2,800). Adjustment (c) 5,200 31 Depreciation Expense-Equipment 13,200 Accumulated Depreciation-Equipment. Record equipment depreciation. Adjustment (d) 31 Depreciation Expense-Profess. Library 7,200 Accumulated Depreciation-Profess. Library. Record professional library depreciation. Adjustment (e) 31 Unearned Revenue 5,000 Training Revenue Record revenue earned for two courses that was collected in advance. Adjustment (f) 31 Accounts Receivable 7,500 Tuition Revenue. 7,500 Record tuition earned. Adjustment (g) 31 Salaries Expense 400 Salaries Payable 400 Record accrued salaries (2 days $1002 employees). Adjustment (h) 31 Rent Expense 3,000 Prepaid Rent 3,000 Record expiration of prepaid rent. Adiustments Dec. 31 Insurance Expense 2,400 2,400 Prepaid Insurance Record the insurance expired. Adjustment (b) 31 Teaching Supplies Expense 5,200 Teaching Supplies Record supplies used ($8,000$2,800). Adjustment (c) 5,200 31 Depreciation Expense-Equipment 13,200 Accumulated Depreciation-Equipment. Record equipment depreciation. Adjustment (d) 31 Depreciation Expense-Profess. Library 7,200 Accumulated Depreciation-Profess. Library. Record professional library depreciation. Adjustment (e) 31 Unearned Revenue 5,000 Training Revenue Record revenue earned for two courses that was collected in advance. Adjustment (f) 31 Accounts Receivable 7,500 Tuition Revenue. 7,500 Record tuition earned. Adjustment (g) 31 Salaries Expense 400 Salaries Payable 400 Record accrued salaries (2 days $1002 employees). Adjustment (h) 31 Rent Expense 3,000 Prepaid Rent 3,000 Record expiration of prepaid rent