Journal entry worksheet 2 3 4 5 6 7 8 > 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, $9,250 of the tuition revenue has been earned by WTI. Note: Enter debits before credits. Transaction General Journal Debit Credit f. 9,250 9,250 Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 On September 1, WTI agreed to do five training courses for a client for $2,600 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 $13,000 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Unearned revenue 7,800 Training revenue 7,800 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 28,000 0 10, 768 16, 155 2,155 32,307 $ 9,693 96,000 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 17,232 23,000 0 13,000 103,738 43,078 109,846 40,923 0 0 51,694 0 23, 705 0 7,539 6,031 $ 317,432 $ 317,432