Journal entry worksheet The balance in the Prepaid Rent account represents rent for December. Note: Enter debits before credits. Journal entry worksheet 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 Note: Enter debits before credits. \begin{tabular}{|l|r|l|l|} \hline \multicolumn{3}{|c|}{ Insurance Expense } \\ \hline Unadjusted Balance & & & \\ \hline & & & \\ \hline Adjusted Balance & & & \\ \hline \end{tabular} Journal entry worksheet 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,$6,653 of the tuition revenue has been earned by WTI. Note: Enter debits before credits. Advertising Expense \begin{tabular}{|l|l|l|l|} \hline Unadjusted Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Adjusted Balance & 0 & + & \\ \hline \end{tabular} Utilities Expense \begin{tabular}{|l|l|l|l|} \hline Unadjusted Balance & & & \\ \hline & & & \\ \hline Adjusted Balance & & & \\ \hline \end{tabular} Prenare an adiusted trial balance. Journal entry worksheet 1 2 6 7 Annual depreciation on the professional library is $5,349. Note: Enter debits before credits. Required information Wells Technical institute (WTI) provides training to individuais 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 h that require adjusting entries on December 31 . Additional Information Items a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,318 are avallable at year-end. c. Annual depreciation on the equipment is $10,698. d. Annual depreciation on the professional library is $5,349. e. 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. 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,$6,653 of the tuition revenue has been earned by WTL. 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. Journal entry worksheet 56 Annual depreciation on the equipment is $10,698. Note: Enter debits before credits. Journal entry worksheet An inventory count shows that teaching supplies costing $2,318 are available at year-end. Note: Enter debits before credits. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. Journal entry worksheet An analysis of WTI's insurance policies shows that $2,674 of coverage has expired. Note: Enter debits before credits. Required information \begin{tabular}{|l|l|l|l|} \hline Unadjusted Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} h. The balance in the Prepaid Rent account represents rent for December. Journal entry worksheet 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. Note: Enter debits before credits