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 uneamed 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 $2776 are available at year-end c. Annual depreciation on the equipment is $12.814 d. Annual depreciation on the professional library is 56.407 e. On September 1. WTI agreed to do five courses for a client for $2.400 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 $12000 cash in advance for all five courses on September 1, and WTI Credited Unearned Training Fees t. 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. 59.750 of the tuition has been earned by WTL 9. WTi's two employees are paid weekly. As of the end of the year two days' salanes have accrued at the rate of $100 per Gay for each employee h. The balance in the Prepaid Rent account represents rent for December Saved WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit $ Debit 26,642 g 10,245 15,371 2,050 30,739 $ 9,223 101,000 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 expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 16,396 25,000 0 12,000 25,610 80,000 40,988 104,516 38,937 49,186 22,550 7,173 5,738 $ 311,682 $311,682 Required information Reg 2A Reg 28 Post the balance from the unadjusted trial balance and the adjusting entries in to the accounts. Cash Unadi. Bal Equipment Unac Ball Adj Bal Adi Bal 0 Accounts Receivable Accumulated Depreciation Equipment Unad Bal Uned Ball Ad Bal Adi B 0 Teaching Supplies Accounts Payable Unadi Bal Unad Bal Required information Accumulated Depreciation Professional Library Uned. BI Retained earning Unadj. Bal 2 Adi Bal Adi B 0 Tuition Fees Earned Unadi Bal Dividends Unac Bal Ad BH Adj B 0 Training Tees Eamed Unad Bal Hent Expense Unad Ball A Bol Required information Depreciation Expense Professional Library Unadj. Bal Teaching Supplies Expense Unadi Bal Adi Bal Adi Bal 0 Depreciation Expense Equipment Advertising Expense Unad Bal Unadi Bal Adj. Bal Ad B 0 Salaries Expense Utilities Expense Unao. Bal Unad Bal | Adj Bal Ad Bal Insurance FX 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 Nu! Required tlon DUENOS Retained earnings 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 69 0 $ 0