Please solve clearly and explain.

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals 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 $3,203 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,776 are available at year-end. C. Annual depreciation on the equipment is $12,814. d. Annual depreciation on the professional library is $6,407. e On September 1, WTI agreed to do five 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 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 due at the end of the class. At December 31, $9,250 of the tuition has been earned by WTI. 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. Credit $ $ 9,798 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Debit Cash $ 28, 302 Accounts receivable 0 Teaching supplies 10,884 Prepaid insurance 16,329 Prepaid rent 2,178 Professional library 32,655 Accumulated depreciation- Professional library Equipment 102,000 Accumulated depreciation- Equipment Accounts payable Salaries payable Unearned training fees Common stock Retained earnings Dividends 43,542 Tuition fees earned Training fees earned Depreciation expense- 0 Professional library Depreciation expense-Equipment 0 Salaries expense 52, 251 Insurance expense 0 Rent expense 23,958 Teaching supplies expense 0 Advertising expense 7,620 Utilities expense 6,096 Totals $325, 815 17,418 27,000 0 13,000 23, 205 83,000 111,030 41,364 $325,815 Problem 3-3A Part 2 2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. 2-b. Prepare an adjusted trial balance. Req 2A Req 2B Post the balance from the unadjusted trial balance and the adjusting entries in to the T-acco Cash Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Accounts Receivable Accumulated Depreciation Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Teaching Supplies Accounts Payable Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Prepaid Insurance Salaries Payable Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Prepaid Rent Unearned Training Fees Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. Professional Library Common stock Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Retained earnings Accumulated DepreciationProfessional Library Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. 0 Tuition Fees Earned Dividends Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Training Fees Earned Rent Expense Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. Depreciation ExpenseProfessional Library Unadj. Bal. Teaching Supplies Expense Unadj. Bal. Adj. Bal. Adj. Bal. 0 Advertising Expense Depreciation Expense-Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Salaries Expense Utilities Expense Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Insurance Expense Unadj. Bal. Adj. Bal. Req 2A Req 2B Prepare an adjusted trial balance. WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31 Debit Credit 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 Common stock Retained earnings Dividends Tuition fees earned Training fees earned Depreciation expenseProfessional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals $ 0 $ 0