Hi can i get the correct answers to the impact on income please

f. On October 15, GTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by GTI. 9. GTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $200 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December, Answer is not complete. General General Requirement Income Trial Balance St of Retained Impact on Journal Ledger Statement Earnings Balance Sheet Income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Adjusted Impact on net incomo s 2,600 3 5,3503 o 6,200 11.000 Account affecting the Adjusting entry related to: Income statement Balance Sheet a. Insurance Insurance expense Prepaid insurance b. Teaching supplies Teaching supplies expense Teaching supplies c. Depreciation - Depreciation expense Accumulated depreciation equipment Equipment Equipment d Depreciation - library Depreciation expense. Accumulated depreciation - Professional library Professional library o. Training foes Training foos earned Unearned training foos Tuition Tuition fees earned Accounts receivable 9. Salaries Salarios expenso Salarios payable h Rent Rent expense Prepaid rent Total Impact on income due to adjustments Net income before adjustments Nel income after adjustments Had the adjustments not been prepared, Income would have been overstated by * 6,800 3,200 800 3.2003 30,150 75,050 55,100 36.21% $ $ 0 GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Griffin Technical Institute (GTI), a school owned by Rita Griffin, provides training to individuals who pay tuition directly to the school. GTI 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. GTI 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 GTI's Insurance policies shows that $2,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,400 are available at year-end. c. Annual depreciation on the equipment is $6,200. d. Annual depreciation on the professional library is $11,800, e. On November 1. GTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,400, 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, GTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by GTI g. GTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $200 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December Answer is not complete. St of Retained Balance Sheet General General Requirement Income Trial Balance Impact on Journal Ledger Statement Earnings income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Adjusted Adjusting entry related to a Insurance b. Teaching supplies c. Depreciation - equipment d. Depreciation - library Account affecting the Income statement Balance Sheet Insurance exponse Prepaid insurance Teaching supplies expense Teaching supplies Depreciation expense Accumulated depreciation - Equipment Equipment Depreciation expense. Accumulated depreciation - Professional library Professional library Trainian Poe annet Incora training face Impact on net Income S 2,600 $ 5,350 6,200 > 11,000 x Training na 2 RA Adjusted Griffin Technical Institute Balance Sheet December 31, 2022 Assets Current assets Cash Accounts receivable Teaching supplies Prepaid insurance 222 61,100 3,200 3,400 10,400 0 0 Total current assets S 78,100 > 59,000 (35,400) 23,600 Plant assets Professional library Accumulated depreciation - Professional library Professional library, net Equipment Accumulated depreciation - Equipment Equipment, net Total plant assets Total assets 62,000 > (18.600) 43,400 67,000 145, 100 $ Liabilities Current liabilities Accounts payable Salaries payable Unearned training fees OOO 2 29,600 800 10,200 0 S 40,600 Total liabilities Equity Common stock Retained earnings Total equity Total Liabilities & Equity 8,000 108,300 116,300 $ 156,900 Unadjusted Griffin Technical Institute Balance Sheet December 31, 2022 Assets Current assets Cash Accounts receivable Teaching supplies Prepaid insurance 61,100 0 1 1 > 8,750 13,000 0 0 Total current assets $ 82,850 >> 59,000 (23,600) 35,400 Plant assets Professional library Accumulated depreciation - Professional library Professional library, net Equipment Accumulated depreciation - Equipment Equipment, net Total plant assets Total assets 62,000 (12,400) 49,600 85,000 167,850 $ Liabilities Current liabilities Accounts payable Salaries payable Uneamed training fees 29,600 0 17,000 0 $ 46,600 Total liabilities Equity Common stock Retained earnings Total equity Total Liabilities & Equity 8,000 116,450 124,450 171,050 S Unadjusted Griffin Technical Institute Statement of Retained Earnings For Year Ended December 31, 2022 Retained earnings, December 31, 2022 Add: Net income Less: Dividends Retained earnings, December 31, 2022 $ 92,000 75,050 (50,600) 116,450 0 Expenses Teaching supplies expense Salaries expense Advertising expense Insurance expense Rent expense Utilities expense Depreciation expense - Equipment OIOIOIOIOIO 51,600 6,100 0 35,200 6,550 0 0 o 0 Total expenses Net income 99,450 75,050 $