liny Blonde Scream Ch 3 HW 0 PH it's too Big for her A (243) History of Required information The foowing information applies to the questions displayed below) Wells Technical Institute ( w a school owned by Tristana Wells, provides training to individuals who pay tution directly to the school wil 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 through that require adjusting entries on December 2017 follow Additional Information Items 225.50 a. An analysis of W insurance policies shows that $31996 of coverage has expired b. An inventory count shows that teaching supplies costing $3.464 are available at year-end 2011 c. Annual depreciation on the equipment is $15.906 d. Annual depreciation on the professional library is $2993 e. On November WTI agreed to do a special six month course starting immediately for a client. The contract calls for a monthly fee of $2.700, and the client paid the first five months' fees in advance. When the cash was received the Uneaed Training Fees account was credited. The fee for the south month will be recorded when it is collected in 2018 1. On October 15, w agreed to teach a four month class beginning immediately for an individual for $5,161 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received ( w s accruals are applied to the nearest half month for example: October recognizes one-half month accrual) 9. WT 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 TECNICAL INSTITUTE nadjusted Trial Balance December 31, 2017 Selated depreciation Professional Ibrary od depreciatio n Depreciation expense-Professional library 3-a. Prepare Wells Technical income watement for the year 2017 3.b. Prepare Wels Technical institutes statement of owner's equity for the year 2017 3.c. Prepare Wells Technical Instute's balance sheet as of December 31, 2017 LOI UI whers quity for the year 2017 J-e. Prepare Wells Technical Institute's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Reg 3A Req 3B Reg 3C Prepare Wells Technical Institute's Income statement for the year 2017. WELLS TECHNICAL INSTITUTE Income Statement For Year Ended December 31, 2017 Reg38 3-8. Prepare Wells lechnical Institute's statement of owner's equity for the year 2017. 3-c. Prepare Wells Technical Institute's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Req 3A Req 3B Req 30 Prepare Wells Technical Institute's statement of owner's equity for the year 2017. WELLS TECHNICAL INSTITUTE Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Retained earnings, December 31, 2017 Req Reg 3B Req 3C Prepare Wells Technical Institute's balance sheet as of December 31, 2017 WELLS TECHNICAL INSTITUTE Balance Sheet December 31, 2017