$[$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. 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 $$2,400$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$2,800$ are available at year$-$end.

c$.$ Annual depreciation on the equipment is $$13,200.$

d$.$ Annual depreciation on the professional library is $$7,200.$

e$.$ On September $1,$ WTI agreed to do five courses for a client for $$2,500$ 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 $$12,500$ cash in advance

for all five courses on September $1,$ and WTI credited Unearned Training Fees.

f$.$ 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 $31,$ $$7,500$ of the tuition has been earned by WTI.

g$.$ 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.

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

WELLS TECHNICAL INSTITUTE

Unadjusted Trial Balance