Problems i Saved Help Sav Additional Information Items a. An analysis of WTI's insurance policies shows that $4,129 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,578 are available at year-end 2018. c. Annual depreciation on the equipment is $16,515. d. Annual depreciation on the professional library is $8,258. e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,000, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorde when it is collected in 2019. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $5,120 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTi's accruals are applied to the nearest half-month for example, October recognizes one- half month accrual.) g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate $100 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December WELLS TACHMTOAL TNTTITUTE h. The balance in the Prepaid Rent account represents rent for December WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2018 Debit $ 27,698 Credit 10,652 15,981 2,132 31,958 $ 9,589 74,555 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, December 31, 2017 Dividends Tuition fees earned Training fees earned Denreciation exnense-Professional Library 17,046 35,068 15,000 13,000 54,754 42,613 108,661 40, 482 A Prey. 44 016 Score answe ISTIS 1 Saved Required information 54,754 42,613 108,661 40,482 Retained earnings, vecember 31, 2017 Dividends Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals @ e 51,136 a 23,452 e 7,457 5,966 $ 293,600 $293,600 1 & 3-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts 1 & 3.b. Prepare an adjusted trial balance. Comnlete this restion by entering van answers in the tabs helow. G Prey 14 15 or 16 Score answer Required information Req 1 and 3A Req 1 and 3B Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. Cash Equipment Unadj. Bal. Unadj. Bal Adj. Bal Adi. Bal Accounts Receivable Accumulated Depreciation-Equipment Unadj. Bal. Unadj. Bal. IN D Prey of 16 Score answer > Required information Adj Bal. Adj. Bal. Teaching Supplies Unadj Bal. Accounts Payable Unadj. Bal. Adj. Bal. Adj. Bal. Prepaid Insurance Salaries Payable Unadj. Bal. Unadj. Bal Adj. Bai. Adj. Bal. Prepaid Rent Unearned Training Fees Unadj Bal Unadj. Bal Prey 15 of 16 Score answer Required information Professional Library of 3 Common stock Unadj. Bal. Unadj. Bal. Adj. Bal Adj. Bal Accumulated Depreciation-Professional Library Unadj. Bal Retained earnings ok Unadj. Bal t ndes Adj. Bali Adj. Bal Tuition Fees Earned Dividends Unadj. Bal. Unad Bal. Prex 14 15 0f 16 Score answer > e 3 Pre-Built Problems i Saved LA 1 ... Required information Unadj Bal Unadj. Bal. Adj. Bal. Adj. Bal. Depreciation Expense Professional Library Unadj. Bal. Teaching Supplies Expense Unadj. Bal Adj. Bal Adj. Bal. Depreciation Expense.Equipment Unadi. Bal. Advertising Expense Unadj. Bal Q G Prey 121 15 10 16 BE Score answer Required information Advertising Expense Depreciation Expense-Equipment Unadj. Bal Unadj. Bal Adj. Bal. Adj. Bal Salaries Expense Utilities Expense Unadj. Bal. Unadj. Bal Adj. Bal Adj. Bal Insurance Expense Unad Bal Prex 14 15 of 16 Score answer > Required information t 2 of 3 Req 1 and 3A Req 1 and 3B Prepare an adjusted trial balance. Is WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31, 2018 Debit eBook Print Cash Credit erences Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Prey CE 14 15 of 16 Score