[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 n 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 training courses for a client for $2,500 each. Two courses will sta 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 training courses on September 1, and WTI credited Unearned Revenue. 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 revenue 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 December 31 Credit Cash Accounts receivable Teach supplies Prepaid insurance Prepaid rent Professional library Debit $ 34,000 0 8,000 12.000 3,000 35,000 acer WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 34,000 0 8,000 12,000 3,000 35,000 $10,000 80,000 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Tuition revenue Training revenue Depreciation expense-Professional Library Depreciation expense-Equipment Salaries expense Insurance expense Bent expense Teaching supplies expenso Advertising expense Utilities expense Totals 15,000 26,000 0 12,500 10,000 80,000 50,000 123,900 40,000 0 0 50,000 0 33,000 0 6,000 6,400 $317, 400 $317.400 2-a. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts 2-b. Prepare an adjusted trial balance Complete this question by entering your answers in the tabs below. Post the balance from the unadjusted trial balance and the adjusting entries into the T-accounts. Cash Equipment Unadj. Bal Unadj. Bal Book Adj. Bal 0 Adi Bal 0 Print Accounts Receivable Accumulated Depreciation Equipment Unadi. Bal. Unadj. Bal erences Adi Bal 0 Ad Bal 0 Teaching Supplies Accounts Payable Unad Bal Unadj. Bol Ad Bal 0 Adj Bal 0 Prepaid Insurance Salarios Payable Unad Bal Unadi. Bu Adj. Bal 0 Adj. Bal 3 Prepaid Rent Unearned Revenue Unadj. Bal. Unadj. Bal. Adj. Bal 0 Adi Bal 0 Professional Ubrary Common Stock Unadi Bal Unadj. Bal Adj. Bal 0 Adj. Bal 0 Accumulated Depreciation Professional Library Unadi Bal Retained Earnings Unadi. Bal Adi Bal 0 AdB 0 Tuition Revenue Dividends Unadi. Bali Unadj. Bal Ad Bal 0 Ad Bal 0 Training Revenue Rent Expense Unadj. Bal Unad Bal Training Revenue Rent Expense Unadj. Bal Unadj. Bal Adj. Bal. 0 Adj. Bal 0 Depreciation Expense Professional Library Teaching Supplies Expense Unadj. Bal Unadi. Bal Adj. Bal 0 Adj. Bal 0 Depreciation Expense Equipment Advertising Expense Unadj. Bal Unadj. Bat Adj Bal 0 Adj. Bal. 0 Salaries Expense Utilities Expense Unadi. Bal Unadj. Bal Adj. Bal. 0 Adi Bal 0 Insurance Expense Unadj. Bal Insurance Expense Unadj. Bal. Adj. Bal. 0