t15 points Skipped eBook Ask Print References GLO302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Adams Technical Institute (ATI), a school owned by Leslie Adams, provides training to individuals who pay tuition directly to the sc ATI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2022, is found on the trial bal tab. ATI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h th require adjusting entries on December 31 follow. a. An analysis of ATI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,280 are available at year-end. c. Annual depreciation on the equipment is $5,600. d. Annual depreciation on the professional library is $10,600. e. On November 1, ATI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a month. fee of $2,800, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. f. On October 15, ATI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end the class. At December 31, $4,000 of the tuition has been earned by ATI. g. ATI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $240 per day fo each employee. h. The balance in the Prepaid Rent account represents rent for December. Requirement General Journal General Ledger Trial Balance Income Statement For transactions a-h, review the unadjusted balance and prona earned or the exponce St of Retained Earnings Balance Sheet Impact on income

Journal entry worksheet