fill in the general ledger

Adams Technical Institute (ATI), a school owned by Leslie Adams, provides training to individuals who pay tuition directly to the school. All also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found on the trial balance tab. ATI initially records prepaid expenses and uneamed revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of ATI's insurance policies shows that $2.450 of coverage has expired. b. An inventory count shows that teaching supplies costing $3.280 are available at year-end. c. Annual depreciation on the equipment is $5,600. d. Annual depreciation on the professional library is $10,600, e. On November 1, ATI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,800, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. f. On October 15, ATI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $4,000 of the tuition has been earned by ATI. g. ATI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $240 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December General Gen General Ledger Trial Balance Balance Income Statement St Retained Earnings Balance Sheet Impact on income Requirement Journal General Journal tab - For transactions ah, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Trial Balance tab - You may view either the unadjusted or adjusted trial balance by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement The unadjusted or adjusted balances will appear for each account, based on your selection THL - 1 of 2 Next > Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income Each journal entry is posted automatically to the general ledger. Use the drop down button to view the unadjusted or adjusted balances. Unadjusted - General Ledger Account Cash Teaching supplies No. Date Debit Credit Balance No. Debit Credit Balance Date Dec 31 Dec 31 48,725 8,600 Prepaid rent Prepaid insurance Debit Credit No. No Debit Credit Date Dec 31 Balance 12,250 Date Dec 31 Balance 4,000 Professional library Debit Credit No. Date Dec 31 Balance 53,000 Accumulated depreciation - Professional library Date Debit Credit Balance Dec 31 21,200 Equipment No. Debit Credit No. Date Dec 31 Accumulated depreciation - Equipment Date Debit Credit Dec 31 Balance 56.000 Balance 11,200 No. Date Debit Credit Balance 56,000 No. Dec 31 Date Dec 31 Debit Credit Balance 11,200 Accounts payable Debit Credit Uneamed training fees No. Date Dec 31 No. Balance 33200 Debit Date Dec 31 Credit Balance 14,000 Common stock Debit Credit Retained earnings No. Date Dec 31 Dec 31 No. Balance 11,000 Debit Date Dec 31 Credit Balance 83,000 Dividends No. Tuition fees earned Debit Credit Debit Credit Date Dec 31 No. Balance 53,600 Date Dec 31 Balance 128,000 Training fees earned Debit Credit Salaries expense Debit Credit No. No. Date Dec 31 Balance 42,000 Date Dec 31 Balance 51,000 Rent expense Debit Advertising expense Debit Credit No. Credit No. Date Dec 31 Balance 44,000 Date Dec 31 Balance 6,025 Utilities expense Debit Credit No. Date Dec 31 Balance 6.400 Next >