Required information

$[$The following information applies to the questions displayed below.$]$

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 ltems

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 training 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 training courses on September $1,$ and WTI credited Unearned Revenue.