[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, 2013, 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, 2013, follow.

Additional Information Items

a.	An analysis of WTI's insurance policies shows that $2,650 of coverage has expired.
b.	An inventory count shows that teaching supplies costing $3,050 are available at year-end 2013.
c.	Annual depreciation on the equipment is $13,700.
d.	Annual depreciation on the professional library is $7,700.
e.	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 $3,000, 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 2014.
f.	On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,500 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.)
g.	WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $150 per day for each employee.
h.	The balance in the Prepaid Rent account represents rent for December.

Post the balance from the unadjusted trial balance and the adjusting entries to the T-accounts.

h. The balance in the Prepaid Rent account represents rent for December. WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2013 Debit Credit Cash $39.000 Accounts receivable 0 Teaching supplies 8,500 Prepaid insurance 12,500 Prepaid rent 3.500 40,000 Professional library Accumulated depreciation, $ 10,500 Professional library 85,000 Equipment Accumulated depreciation Equipment 15,500 Accounts payable 31,500 Salaries payable 0 Unearned training fees 15,000 Common stock 15,000 Retained earnings 85,000 55,000 Dividends Tuition fees earned 129,900 Training fees earned 45,000 Depreciation expenseProfessional 0 library Depreciation expense-Equipment 0 55,000 Salaries expense 0 35,500 Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense o 6,500 6,900 Totals $ 347,400 $ 347,400