I keep getting wrong. Please help
GLO302 - Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 Perez Technical Institute (PTI), a school owned by Juan Perez, provides training to individuals who pay tuition directly to the school. PTI 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. PTI 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 PTI's insurance policies shows that $2,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,160 are available at year-end. c. Annual depreciation on the equipment is $6,600 d. Annual depreciation on the professional library is $12,600. e. On November 1, PTI 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, PTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,400 of the tuition has been earned by PTI. g. PTI'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. XAnswer is not complete. General General Impact on income Income St Retained Trial Balance Balance Sheet Requirement Ledger Journal Statement Earnings 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 as soon as you click "record entry". No Date Account Title Debit Credit Dec 31 Insurance expense 2,600 1 2,600 Prepaid insurance Teaching supplies expense Dec 31 2 5,290 5,290 Teaching supplies Depreciation expense Equipment 6,600 3 Dec 31 Accumulated depreciation Equipment 6,600 Denreciation exnense - 12 600 4 Dec 31 Professional librarv. Unearned training fees Dec 31 5 6,400 Training fees earned 6,400 Dec 31 Accounts receivable 3,400 Tuition fees earned 3,400 Salaries expense Dec 31 7 720 Salaries payable 720 Rent expense 3,400 8 Dec 31 Prepaid rent 3,400 General Ledger> Requirement LO Adjusted Account affecting the: Impact on net income Adjusting entry related to Income statement Balance Sheet Insurance expense Prepaid insurance (2,600) a. Insurance Teaching supplies expense Depreciation expense Equipment Depreciation expense Professional library Teaching supplies Accumulated depreciation - Equipment Accumulated depreciation Professional library b. Teaching supplies (5,290) c. Depreciation - equipment (6,600) d. Depreciation - library (12,600) Unearned training fees Training fees earned e. Training fees 133,000 Tuition fees earned Accounts receivable 50,900 ( f. Tuition Salaries expense Salaries payable (51,120)X g. Salaries Rent expense Prepaid rent h. Rent (37,400) Total impact on income due to adjustments $ 68,290 Net income before adjustments Net income after adjustments 0 GLO302 - Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 Perez Technical Institute (PTI), a school owned by Juan Perez, provides training to individuals who pay tuition directly to the school. PTI 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. PTI 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 PTI's insurance policies shows that $2,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,160 are available at year-end. c. Annual depreciation on the equipment is $6,600 d. Annual depreciation on the professional library is $12,600. e. On November 1, PTI 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, PTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,400 of the tuition has been earned by PTI. g. PTI'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. XAnswer is not complete. General General Impact on income Income St Retained Trial Balance Balance Sheet Requirement Ledger Journal Statement Earnings 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 as soon as you click "record entry". No Date Account Title Debit Credit Dec 31 Insurance expense 2,600 1 2,600 Prepaid insurance Teaching supplies expense Dec 31 2 5,290 5,290 Teaching supplies Depreciation expense Equipment 6,600 3 Dec 31 Accumulated depreciation Equipment 6,600 Denreciation exnense - 12 600 4 Dec 31 Professional librarv. Unearned training fees Dec 31 5 6,400 Training fees earned 6,400 Dec 31 Accounts receivable 3,400 Tuition fees earned 3,400 Salaries expense Dec 31 7 720 Salaries payable 720 Rent expense 3,400 8 Dec 31 Prepaid rent 3,400 General Ledger> Requirement LO Adjusted Account affecting the: Impact on net income Adjusting entry related to Income statement Balance Sheet Insurance expense Prepaid insurance (2,600) a. Insurance Teaching supplies expense Depreciation expense Equipment Depreciation expense Professional library Teaching supplies Accumulated depreciation - Equipment Accumulated depreciation Professional library b. Teaching supplies (5,290) c. Depreciation - equipment (6,600) d. Depreciation - library (12,600) Unearned training fees Training fees earned e. Training fees 133,000 Tuition fees earned Accounts receivable 50,900 ( f. Tuition Salaries expense Salaries payable (51,120)X g. Salaries Rent expense Prepaid rent h. Rent (37,400) Total impact on income due to adjustments $ 68,290 Net income before adjustments Net income after adjustments 0
