solution part 1:

1	a.	Insurance expense	2,807
		Prepaid insurance		2,807
2	b.	Teaching supplies expense	2,433
		Teaching supplies		2,433
3	c.	Depreciation expenseEquipment	11,227
		Accumulated depreciationEquipment		11,277
4	d.	Depreciation expenseProfessional library	5,614
		Accumulated depreciationProfessional library		5,614
5	e.	Unearned training fees	2,700
		Training fees earned		2,700
6	f.	Accounts receivable	2,819
		Tuition fees earned		2,819
7	g.	Salaries expense	100
		Salaries payable		100
8	h.	Rent expense	2,097
		Prepaid rent		2,097

solution part 2: (Are you able to access my previous question? Someone was able to anser that, but I don't have a way of adding it here)

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. 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. Additional Information Items

An analysis of WTI's insurance policies shows that $2,807 of coverage has expired.

An inventory count shows that teaching supplies costing $2,433 are available at year-end 2017.

Annual depreciation on the equipment is $11,227.

Annual depreciation on the professional library is $5,614.

On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,700, 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 collected in 2018.

On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,819 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)

WTI'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.

The balance in the Prepaid Rent account represents rent for December.

WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017
	Debit			Credit
Cash	$	27,245
Accounts receivable		0
Teaching supplies		10,478
Prepaid insurance		15,719
Prepaid rent		2,097
Professional library		31,436
Accumulated depreciationProfessional library				$	9,432
Equipment		73,338
Accumulated depreciationEquipment					16,768
Accounts payable					35,749
Salaries payable					0
Unearned training fees					13,500
T. Wells, Capital					66,646
T. Wells, Withdrawals		41,916
Tuition fees earned					106,885
Training fees earned					39,820
Depreciation expenseProfessional library		0
Depreciation expenseEquipment		0
Salaries expense		50,300
Insurance expense		0
Rent expense		23,067
Teaching supplies expense		0
Advertising expense		7,336
Utilities expense		5,868
Totals	$	288,800		$	288,800

3-a. Prepare Wells Technical Institute's income statement for the year 2017.

Prepare Wells Technical Institute's income statement for the year 2017.

WELLS TECHNICAL INSTITUTE
Income Statement
For Year Ended December 31, 2017
		$0
		0

Req 3A

Req 3B

3-b. Prepare Wells Technical Institute's statement of owner's equity for the year 2017.

Prepare Wells Technical Institute's statement of owner's equity for the year 2017. Note: there were no owner investments during the year.

WELLS TECHNICAL INSTITUTE
Statement of Owners Equity
For Year Ended December 31, 2017
T. Wells, Capital, December 31, 2016
	0
T. Wells, Capital, December 31, 2017	$0

3-c. Prepare Wells Technical Institute's balance sheet as of December 31, 2017.

Prepare Wells Technical Institute's balance sheet as of December 31, 2017. Include all balance sheet accounts, even those with zero balances.

WELLS TECHNICAL INSTITUTE
Balance Sheet
December 31, 2017
		0
		0
		$0
		0
		$0