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 An analysis of WTI's insurance policies shows that $2,939 of coverage has expired An inventory count shows that teaching supplies costing $2,547 are available at year end Annual depreciation on the equipment is $11,756 Annual depreciation on the professional library is $5,878 On September 1, WTI agreed to do five courses for a client for $2,300 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 $11,500 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees 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, $8,700 of the tuition has been earned by WTI 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 Debit Credit Cash $ 26,189 Accounts receivable 0 Teaching supplies 10,071 Prepaid insurance 15,110 Prepaid rent 2,015 Professional library 30,217 Accumulated depreciationProfessional library $ 9,066 Equipment 103,000 Accumulated depreciationEquipment 16,117 Accounts payable 22,000 Salaries payable 0 Unearned training fees 11,500 Common stock 30,402 Retained earnings 80,000 Dividends 40,291 Tuition fees earned 102,740 Training fees earned 38,275 Depreciation expenseProfessional library 0 Depreciation expenseEquipment 0 Salaries expense 48,350 Insurance expense 0 Rent expense 22,165 Teaching supplies expense 0 Advertising expense 7,051 Utilities expense 5,641 Totals $ 310,100 $ 310,100 2 a Post the balance from the unadjusted trial balance and the adjusting entries in to the T accounts 2 b Prepare an adjusted trial balance Complete this question by entering your answers in the tabs below Req 2A Req 2B Post the balance from the unadjusted trial balance and the adjusting entries in to the T accounts Cash Equipment Unadj Bal Unadj Bal Adj Bal Adj Bal Accumulated Depreciation Equipment Accounts Receivable Unadj Bal Unadj Bal Adj Bal Adj Bal Accounts Payable Teaching Supplies Unadj Bal Unadj Bal Adj Bal Adj Bal Prepaid Insurance Salaries Payable Unadj Bal Unadj Bal Adj Bal Adj Bal Prepaid Rent Unearned Training Fees Unadj Bal Unadj Bal Adj Bal Adj Bal Professional Library Common stock Unadj Bal Unadj Bal Adj Bal Adj Bal Accumulated Depreciation Professional Library Retained earnings Unadj Bal Unadj Bal Adj Bal Adj Bal Tuition Fees Earned Dividends Unadj Bal Unadj Bal Adj Bal Adj Bal Training Fees Earned Rent Expense Unadj Bal Unadj Bal Adj Bal Adj Bal Depreciation Expense Professional Library Teaching Supplies Expense Unadj Bal Unadj Bal Adj Bal Adj Bal Advertising Expense Depreciation Expense Equipment Unadj Bal Unadj Bal Adj Bal Adj Bal Salaries Expense Utilities Expense Unadj Bal Unadj Bal Adj Bal Adj Bal Insurance Expense Unadj Bal Adj Bal WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31 Debit Credit Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation Professional library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned training fees Common stock Retained earnings Dividends Tuition fees earned Training fees earned Depreciation expense Professional library Depreciation expense Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals

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[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

[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

An analysis of WTI's insurance policies shows that $2,939 of coverage has expired.
An inventory count shows that teaching supplies costing $2,547 are available at year-end.
Annual depreciation on the equipment is $11,756.
Annual depreciation on the professional library is $5,878.
On September 1, WTI agreed to do five courses for a client for $2,300 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 $11,500 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees.
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, $8,700 of the tuition has been earned by WTI.
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
	Debit		Credit
Cash	$	26,189
Accounts receivable		0
Teaching supplies		10,071
Prepaid insurance		15,110
Prepaid rent		2,015
Professional library		30,217
Accumulated depreciationProfessional library			$	9,066
Equipment		103,000
Accumulated depreciationEquipment				16,117
Accounts payable				22,000
Salaries payable				0
Unearned training fees				11,500
Common stock				30,402
Retained earnings				80,000
Dividends		40,291
Tuition fees earned				102,740
Training fees earned				38,275
Depreciation expenseProfessional library		0
Depreciation expenseEquipment		0
Salaries expense		48,350
Insurance expense		0
Rent expense		22,165
Teaching supplies expense		0
Advertising expense		7,051
Utilities expense		5,641
Totals	$	310,100	$	310,100

2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. 2-b. Prepare an adjusted trial balance.

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Complete this question by entering your answers in the tabs below. Req 2A Req 2B Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. Cash Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Accumulated Depreciation-Equipment Accounts Receivable Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Accounts Payable Teaching Supplies Unadj. Bal. Unadj. Bal. Adj. Bal Adj. Bal Prepaid Insurance Salaries Payable Unadj. Bal. Unadj. Bal Adj. Bal. Adj. Bal. Prepaid Rent Unearned Training Fees Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal Professional Library Common stock Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Accumulated Depreciation-Professional Library Retained earnings Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal Tuition Fees Earned Dividends Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Training Fees Earned Rent Expense Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. Depreciation Expense-Professional Library Teaching Supplies Expense Unadj. Bal Unadj. Bal. Adj. Bal. Adj. Bal. Advertising Expense Depreciation Expense-Equipment Unadj. Bal. Unadj. Bal. Adj. Bal Adj. Bal. Salaries Expense Utilities Expense Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal Insurance Expense Unadj. Bal. Adj. Bal WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31 Debit Credit Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees Common stock Retained earnings Dividends Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals