Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WII) 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 $2,939 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,547 are available at year-end. c. Annual depreciation on the equipment is $11,756. d. Annual depreciation on the professional library is $5,878. e. On September 1, WTl agreed to do five training courses for a client for $2,900 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 $14,500 cash in advance for all five training courses on September 1 , and WTI credited Unearned Revenue. f. On October 15. WTl agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31,$7,200 of the tuition revenue has been earned by WTI. g. WII'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. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. \begin{tabular}{|l|l|l|} \hline Unadjusted Balance & Prepaid Insurance \\ \hline Adjusted Balance & Prepaid Rent & \\ \hline & & \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Unadjusted Balance & Salaries Payable \\ \hline Adjusted Balance & Unearned Revenue & \\ \hline Adjusted Balance & & Common Stock \\ \hline Adjusted Balance & & \\ \hline Unadjusted Balance & & \\ \hline & & \end{tabular} \begin{tabular}{|l|l|} \hline Unadjusted Balance & Tuition Revenue \\ \hline Adjusted Balance & Training Revenue \\ \hline Adjusted Balance & \end{tabular} \begin{tabular}{|l|l|} \hline Adjusted Balance & 0 \\ \hline & Depreciation Expense-Equipment \\ \hline Unadjusted Balance & \\ \hline & \\ \hline Adjusted Balance & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Adjusted Balance & Advertising Expense \\ \hline Anjusted Balance & & Utilities Expense \\ \hline Adjusted Balance Balance & & \end{tabular} Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance. Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WII) 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 $2,939 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,547 are available at year-end. c. Annual depreciation on the equipment is $11,756. d. Annual depreciation on the professional library is $5,878. e. On September 1, WTl agreed to do five training courses for a client for $2,900 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 $14,500 cash in advance for all five training courses on September 1 , and WTI credited Unearned Revenue. f. On October 15. WTl agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31,$7,200 of the tuition revenue has been earned by WTI. g. WII'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. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. \begin{tabular}{|l|l|l|} \hline Unadjusted Balance & Prepaid Insurance \\ \hline Adjusted Balance & Prepaid Rent & \\ \hline & & \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Unadjusted Balance & Salaries Payable \\ \hline Adjusted Balance & Unearned Revenue & \\ \hline Adjusted Balance & & Common Stock \\ \hline Adjusted Balance & & \\ \hline Unadjusted Balance & & \\ \hline & & \end{tabular} \begin{tabular}{|l|l|} \hline Unadjusted Balance & Tuition Revenue \\ \hline Adjusted Balance & Training Revenue \\ \hline Adjusted Balance & \end{tabular} \begin{tabular}{|l|l|} \hline Adjusted Balance & 0 \\ \hline & Depreciation Expense-Equipment \\ \hline Unadjusted Balance & \\ \hline & \\ \hline Adjusted Balance & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Adjusted Balance & Advertising Expense \\ \hline Anjusted Balance & & Utilities Expense \\ \hline Adjusted Balance Balance & & \end{tabular} Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance