Required Information [The following information applies to the questions displayed below] Wells Technical Institute (WT) 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 that require adjusting entries on December 31. Additional Information items 6. An analysis of WTT's insurance policies shows that $3,732 of coverage has expired. b. An inventory count shows that teaching supplies costing $3.235 are available at year-end c. Annual depreciation on the equipment is $14.929 d. Annual depreciation on the professional library is $7,464 e. On September 1, WTI agreed to do five training courses for a client for $2.300 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 $11.500 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue 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, $12.600 of the tuition revenue has been earned by WTI g. WTfs 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 SELLS TEDNICAL INSTITUTE Unadjusted Trial Balance December 33 Cash Accounts receivable Teaching supplies Debit $27,094 Credit 10,420 Prepaid insurance 15,632 Prepaid ret 2,085 Professional library 31,262 Accumulated depreciation-Professional library 59,300 Equipment 102,000 Accumulated depreciation-Equipment 16,675 Accounts payable 24,000 Salaries payable Unearned revenue 11,500 Common stock Retained earnings 78,000 Dividends 41,684 Tuition revenue 106,291 Training revenue 39,599 Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense 50,022 Insurance pense Rent expense 22,935 Teaching supplies expense . Advertising Totals 7,295 5,406 $318,265 3 316,265 2-a. Post the belence from the unadjusted trial balance and the adjusting entries into the Taccounts 2-6. Prepare an adjusted trial belance Complete this question by entering your answers in the tabs below. L Req 2A Req 28 Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. Unadjusted Balance Cash Equipment Unadjusted Balance Adjusted Balance Adjusted Balance Accounts Receivable Accumulated Depreciation-Equipment Unadjusted Balance Unadjusted Balance ces Adjusted Balance Adjusted Balance Teaching Supplies Accounts Payable Unadjusted Balance Unadjusted Balance) Adjusted Balance Adjusted Balance Prepaid Insurance Salaries Payable Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Prepaid Rent Uneamed Revenue Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance 0 Professional Library Common Stock Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Accumulated Depreciation Professional Library Retained Earnings Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Tuition Revenue Dividends Unadjusted Balance Unadjusted Balance + Required information Accumulated Depreciation-Professional Library Retained Earnings Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Tuition Revenue Dividends Unadjusted Balance Unadjusted Balance Adjusted Balance o Adjusted Balance 0 Training Revenue Unadjusted Balance Rent Expense Unadjusted Balance Adjusted Balance Adjusted Balance Depreciation Expense-Professional Library Teaching Supplies Expense Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Depreciation Expense-Equipment Advertising Expense Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Salaries Expense Uities Expense Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Insurance Expense Unadjusted Balance Adjusted Balance Req25>> $116,265 2-a. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts 2-b. Prepare an adjusted trial balance Complete this question by entering your answers in the tabs below. Req 2A Reg 28 Prepare an adjusted trial balance. Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31 Debit Credit Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned revenue Common stock Retained eamings Dividends Tuition revenue Training revenue Depreciation expense-Professional ibrary Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Usites expense Totals Complete this question by entering your answers in the tabs below. Req 2A Req 28 Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. Cash Unadjusted Balance Unadjusted Balance Equipment Adjusted Balance Adjusted Balance Accounts Receivable Accumulated Depreciation Equipment Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Teaching Supplies Accounts Payable Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Prepaid Insurance Salaries Payable Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Prepaid Rent Unearned Revenue Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Professional Library Common Stock Unadjusted Balance Unadjusted Balance Accumulated Depreciation-Professional Library Unadjusted Balance Unadjusted Balance Adjusted Balance Retained Earnings Adjusted Balance Tuition Revenue Unadjusted Balance Unadjusted Balance Dividends Adjusted Balance Adjusted Balance Training Revenue Rent Expense Unadjusted Balance Unadjusted Balance Adjusted Balance Adjusted Balance Depreciation Expense-Professional Library Teaching Supplies Expense Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Depreciation Expense-Equipment Advertising Expense Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Salaries Expense Utilities Expense Unadjusted Balance Unadjusted Balance Adjusted Balance 0 Adjusted Balance Insurance Expense Unadjusted Balance Adjusted Balance 0 Req 2A Req 28 Prepare an adjusted trial balance. WELLS TECHNICAL INSTITUTE Adjusted 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 revenue Common stock Retained earnings Dividends Tuition revenue Training revenue Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals Debit Credit S 0 $ 0