I'm not sure how the unadjusted balance look like here. I just need the unadjusted balance chart. Thank you!
Required information Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO A1, P1, P2 P3 [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. Its unadjusted trial balance as of December 31, 2017 follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow Additional Information Items a. An analysis of WTl's insurance policies shows that $3,203 of coverage has expired b. An inventory count shows that teaching supplies costing $2,776 are available at year-end 2017 c. Annual depreciation on the equipment is $12,814 d. Annual depreciation on the professional library is $6,407 e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,000, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018 f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,300 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTIl's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.) g, wTl'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, 2017 Debit Credit $28,900 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, withdrawals Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense 1e,768 16,155 2,155 32,307 $ 9,693 75,368 17,232 35,613 15,00e 68,493 43,878 109,846 40,923 51,694 23,705 7,539 eaching supplies expense Advertising expense Utilities expense Totals 6,031 296,800 $296,800 No Transaction General Journal Debit Credit 3,203 Insurance expense Prepaid insurance 3,203 2 leaching supplies expense 7,992 Teaching supplies 7,992 Depreciation expense-Equipment 12,814 Accumulated depreciation-Equipment 12,814 4 Depreciation expense Professional library 6,407 Accumulated depreciation Professional library 6,407 Unearned training fees Training fees earned 6,000 6,000 Accounts receivable 8,250 Tuition fees earned 8,250 Salaries expense 400 Salaries payable 400 Rent expense 2,155 Prepaid rent 2,155 Req 2A Req 2B Prepare an adjusted trial balance WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31, 2017 Debit Credit Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation Professional $ 28,000 8,250 2,776 12,952 32,307 16,100 librar Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 75,368 30,046 35,613 400 9,000 68,493 43,078 118,096 46,923 6,407 12,814 52,094 3,203 25,860 7,992 7,539 6,031 $ 324,671 324,671 2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts 2-b. Prepare an adjusted trial balance Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts Cash Equipment Unadj Bal Unadj Bal Adj. Bal Adj. Bal Accounts Receivable Accumulated Depreciation-Equipment Unad Bal Unadj Bal Adj. Bal Adj. Bal 0 Teaching Supplies Accounts Payable Unad Bal Unadj Bal Adj. Bal Adj. Bal Prepaid Insurance Salaries Payable Unad Bal Unadj Bal Adj. Bal Adj. Bal 0 Prepaid Rent Unearned Training Fees Unad Bal Unadj Bal Adj. Bal Adj. Bal Professional Library T. Wells, Capital
