Hall Technical Institute (HTI), a school owned by Debbie Hall, provides training to individuals who pay tuition directly to the school. HTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2022, is found on the trial balance tab. HTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of HTI's insurance policies shows that $2,550 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,360 are available at year-end. c. Annual depreciation on the equipment is $6,000. d. Annual depreciation on the professional library is $11,400. e. On November 1, HTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,200, 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, HTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,000 of the tuition has been earned by HTI. g. HTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $180 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. Requirement General Journal General Ledger Answer is not complete. Trial Balance Income Statement. St of Retained Earnings Balance Sheet Impact on income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance

Hall Technical Institute (HTD, a school owned by Debbie Hall, provides training to inclividuals who pay tuition directiy to the school. HTI. also offers training to groups in off-sine locations. 1ts unadjusted trial balance as of December 31, 2022, is found on the trial balance tab. HTI inivally records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of HTi's insurance policies shows that $2,550 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,360 are available at yeaf-end. c. Annual depreciation on the equipment is $6,000 d. Annual depreciation on the professional library is $11,400 e. On Navember 1, HTl agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,200, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. 1. On October 15, HT agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,000 of the tuition has been earned by HTT. 9. HTrs two employees are paid weekly. As of the end of the year, two days' salaries have acerued at the rate of $180 per day for each employee. h. The balance in the Prepaid Rent account represents rent for Decembet. (.) Answer is not cemplete. for transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjistment is posted automatically to the general hedger and trial balance