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Wells Technical Institute (WTI) 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

1. An analysis of WTI's insurance policies shows that $3,468 of coverage has expired.
2. An inventory count shows that teaching supplies costing $3,006 are available at year-end.
3. Annual depreciation on the equipment is $13,871.
4. Annual depreciation on the professional library is $6,936.
5. On September 1, WTI agreed to do five training 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 training courses on September 1, and WTI credited Unearned Revenue.
6. 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, $11,298 of the tuition revenue has been earned by WTI.
7. 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.
8. The balance in the Prepaid Rent account represents rent for December.

WELLS TECHNICAL INSTITUTE
Unadjusted Trial Balance
December 31
	Debit	Credit
Cash	$ 28,000
Accounts receivable	0
Teaching supplies	10,768
Prepaid insurance	16,155
Prepaid rent	2,155
Professional library	32,307
Accumulated depreciationProfessional library		$ 9,693
Equipment	99,000
Accumulated depreciationEquipment		17,232
Accounts payable		27,000
Salaries payable		0
Unearned revenue		11,500
Common stock		29,238
Retained earnings		75,000
Dividends	43,078
Tuition revenue		109,846
Training revenue		40,923
Depreciation expenseProfessional library	0
Depreciation expenseEquipment	0
Salaries expense	51,694
Insurance expense	0
Rent expense	23,705
Teaching supplies expense	0
Advertising expense	7,539
Utilities expense	6,031
Totals	$ 320,432	$ 320,432

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.