mework ces Required Information [The following information applies to the questions displayed below] Wells Technical Institute (WT) provides training to individuals who pay tuition directly to the school. WTI to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance Its unadjusted trial balance as of December 31 follows, along with descriptions of items a through h that 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 st and finish before the end of the year. Three courses will not begin until next year. The client paid $12,50 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 pa the end of the class. At December 31, $7,500 of the tuition revenue has been earned by WTL g. WTT's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the m day for each employee. h. The balance in the Prepaid Rent account represents rent for December Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 33 Debit $34,000 Credit 0 8,000 12,000 3,000 35,000 Accumulated depreciation-Professional library $ 10,000 Equipment Accumulated depreciation-Equipment Accounts payable 15,000 25,000 Salaries payable Unearned revenue Common stock Retained earnings Dividends Tuition revenue Training revenue " 10,000 80,000 50,000 123,000 40,000 Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense 50,000 Insurance expense Rent expense Teaching supplies expense Advertising expense Unities expense Totals 6,400 $317,400 $317,400 2-a. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts 2-b. Prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below.