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i need this information in T accounts, some examples are shown, i need all the t accounts my work mode : This shows what is
i need this information in T accounts, some examples are shown, i need all the t accounts
my work mode : This shows what is correct or incorrect for the work you have completed h. The balance in the Prepaid Rent account represents rent for December WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 34,eee 8,888 12,000 3,000 35,000 $ 10,080 80,000 15,000 26,000 12,500 90,000 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned revenue T. Wells, Capital T. Wells, Withdrawals Tuition revenue Training revenue Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 50, eee 123,900 40, eee @ 5e, eee a 33,000 6,000 6,400 $ 317,400 $ 317,400 a. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accou ORI Return ! Required information The following information applies to the questions displayed below) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows, along with descriptions of items a through that require adjusting entries on December 31. Additional Information a. An analysis of WTI's Insurance policies shows that $2,400 of coverage has expired, b. An inventory count shows that teaching supplies costing $2,800 are available at year-end, c. Annual depreciation on the equipment is $13,200, d. Annual depreciation on the professional library is $7.200 e. On September 1, WTI agreed to do five training courses for a client for $2,500 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,500 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. f. On October 15, WTI agreed to teach a four month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $7,500 of the tuition revenue has been earned by WTI g. WTI's two employees are paid weekly. As of the end of the year two days' salaries have accrued at the rate of $100 per day for each employee h. The balance in the Prepaid Rent account represents rent for December WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Cash Accounts receivable Debit $ 34,000 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Required information Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. Equipment 3 Cash Unadjusted Balance Unadjusted Balance 0 Adjusted Balance 0 Adjusted Balance Accounts Receivable Accumulated Depreciation Equipment Unadjusted Balance Unadjusted Balance 0 Adjusted Balance 0 Adjusted Balance Toaching Supplies Accounts Payable Unadjusted Balance Unadjusted Balance 0 Adjusted Balance 0 Adjusted Balance Prepaid Insurance Salaries Payable Unadjusted Unadjusted Balance to search O BA 82F Cloudy DII PrtScn FA Home FS End F3 FS F6 F2 590 A ( @ 2 #m % 5 & 7 Oo * ) 0 4 6 0) Step by Step Solution
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