Photos - Screenshot (101)prg See all phalus + Audio z X Edit & Create Share O 16 Part 2 of 3 5 points Wells lechnical Institute (WTI), a school owned by Tristana Wells, provides training to individuals wno 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 that require adjusting entries on December 31 Additional Information Items a. An analysis of WTI's Insurance policies shows that $2,939 of coverage has expired. b. An inventory count shows that teaching supplies costing 52,547 are available at year-end C. Annual depreciation on the equipment is $11,756. d. Annual depreciation on the professional library is $5,878 e. On September 1, WTI agreed to do five courses for a client for $3,000 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 $15,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees f. On October 15, WTI agreed to teach a four-month class (beginning Immediately) for an executive with payment cue at the end of the class. At December 31, $6,950 of the tuition has been earned by WTI. 9. 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 Book References Credit Debit $ 27,547 10,594 15.894 2,120 31,784 50,537 74,152 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 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 Teaching supplies expense Advertisine expense Utilities expense Totals 15.954 34,794 e 15,000 67,385 42,381 108,869 40,261 a 50.85 a 23,320 B 7,417 5.933 5 292.000 5292.000 Type here to search OB N 3/ 1:49 AM 10/17/2020 19 Photos - Screenshot (102) prg See all phalus + Audio X Edit & Create Share O 16 2-0. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. 2-b. Prepare an adjusted trial balance Part 2 of 3 Complete this question by entering your answers in the tabs below. 5 points Reg 2A Reg 2B Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. Cash Equipment Book Unadi Bal Unadi. Bal. References Ad Bal 0 Ad Bal Accounts Receivable Accumulated Depreciation Equipment Unadi Bal Unad, Bal Ad Bal 0 Adi Bal Teaching Supplies Accounts Payable Unadi Bal Unadi Bal Ad. Ba 0 Adi Bal Prepaid Insurance Salaries Payable Unad, Bal Unad Bal Ad. Bal 0 Ad. Bal Type here to search O N 3/ 1:49 AM 10/17/2020 19 Photos - Screenshot (103)prg See all phalus + Add to TO 2 X Edit & Create Share O Prepaid Rent Uneamed Training Fees Part 2 of 3 Unadj. Bal. Unadj. Bal 5 points Adj. Bal 0 Adj. Bal O Professional Library T. Wells, Capital Unadi. Bai Unadi. Bal eBook Adj. Bal 0 Adj. Bal 0 References Accumulated Depreciation-Professional Library T. Wells, Withdrawals Unadi Bal Unadj. Bal Adj Bal 0 Adj. Bal 0 0 Tuition Fees Earned Rent Expense Unadi. Bal. Unadj. Bal Adj. Bal 0 Adi. Bal Training Fees Earned Teaching Supplies Expense Unadi. Bal Unadi. Bal Ad Bal 0 Adj. Bal 0 Type here to search OB 3/ 150 AM 10/17/2020 19 Photos - Screenshot (101)prg See all phalus + Add to X Edit & Create Share O Training Fees Eamed Teaching Supplies Expense Unadj. Bal Unadj. Bal. Adj. Bal. 0 Adj. Bal 0 Advertising Expense Depreciation Expense-Professional Library Unadj. Bal. Unadj. Bal. Adj Bal 0 Adj. Bal Utilities Expense Depreciation Expense-Equipment Unadj. Bal Unadj. Bal. Adj. Bal. Adj. Bal Salaries Expense Insurance Expense Unadj. Bal Unadj. Bal. Adj. Bal Adj. Bal Type here to search o E N 3/ 150 AM 10/17/2020 19
