Required information The following information applies to the questions displayed below Part 2 of 3 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. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow 2.22 peints Additional Information Items a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired b. An inventory count shows that teaching supplies costing $2,318 are available at year-end 2017 c. Annual depreciation on the equipment is $10,698 d. Annual depreciation on the professional library is $5.349 Pint er 1 WTI agreed to do a special six-month course (starting immediately) for a client The contract calls for a monthly fee of $2.300, 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 recorded when it is f. On October 15, month payable at the end of the class. The class started on October 15, b accruals are applied to the nearest half month, for example, October rec 9. WTI's i collected in 2018. WTI agreed to teach a four-month class (beginning immediately) for an individual for $2.961 tuition per ut no payment has yet been received. (WTI's recognizes one half month accrual) two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of S100 day for each employee h. The balance in the Prepaid Rent account represents rent for December per WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2817 Debit Credit 26,34 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation Professional 18,129 15,197 $ 9,119 library Pre 3 4 of 9 Next> O Type here to search 3 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 Credit Debit $ 26,340 Cash Pert 2 of 3 Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional 15,197 2,827 38,391 2.22 $ 9,119 78,903 Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees Common stock Retained earnings 16,218 36,112 11,508 12,800 52,431 40,523 Dividends 103,332 38,496 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 48, 628 22,297 $279,200 $279,200 Totals 2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the Taccounts 2-b. Prepare an adjusted trial balance Complete this question by entering your answers in the tabs below 4f9Next > K Prev , e O Type here to search Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. Cash 2.22 Unadj Bal points Ad, Bal Adj. Bal. eBook Unadj Bal Print Unadj Bal Adj Bal Adj. Bal Unadj Bal Adi Bal Adj Bal Prepaid Unadj Bal Unad Bal Adj Bal Adj Bal Unadj Ba Unadj Bal O Type here to search di , e Adj. Bal j Bal Retained earnings Accumulated Depreciation Professional Library Unadj Bal adj. Bal Adj. Bal dj Bal Tuition Fees Earned Dividends Unadj. Bal. nadj. Bal dj, Bal Adj Bal Training Fees Earned Rent Expense nadj Bal. Unadj. Bal Adj. Bal Adj Bal Depreciation Expense Professional Library Teaching Supplies Expense Unadj. Bal Unadj Bal. Adj. Bal Adj. Bal Prev Next> O Type here to search N e