This assignments relates to the following:

Student Learning Outcomes (Course Level)

• Complete all steps of the accounting cycle

Chapter Learning Objectives

• Analyze events at end of period to prepare adjusting entries

In this assignment, from a company's unadjusted trial balance, you will be adjusting accounts at the end of the year.

Information: Coding Boot Camp (CBC), a school owned by Sansa Stark, provides training to individuals who pay tuition directly to the school. CBC also offers training to groups in off-site locations. CBC 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 CBC's insurance policies shows that $3,200 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,500 are available at year-end.
3. Annual depreciation on the equipment is $5,000.
4. Annual depreciation on the professional library is $7,000.
5. On September 1, CBC agreed to do five courses for a client for $2,500 each. Three courses started immediately and finished before the end of the year. Two courses will not begin until next year. The client paid $12,500 cash in advance for all five courses on September 1, and CBC credited Unearned Training Fees.
6. On October 15, CBC agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $8,800 of the tuition has been earned by CBC.
7. CBCs two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $420 per day for each employee.
8. The balance in the Prepaid Rent account represents rent for three months beginning December 1 of the current year.

REQUIRED: Using this journal paper , prepare adjusting entries for the above items. Please label (a) through (h) and leave a space between each each entry. If you don't have Excel, use Google sheets journal.

CODING BOOT CAMP Unadjusted Trial Balance December 31
	Debit		Credit
Cash	$	34,000
Accounts receivable		0
Teaching supplies		8,000
Prepaid insurance		12,000
Prepaid rent		3,000
Professional library		35,000
Accumulated depreciationProfessional library			$	10,000
Equipment		80,000
Accumulated depreciationEquipment				15,000
Accounts payable				26,000
Salaries payable				0
Unearned training fees				12,500
Common stock				10,000
Retained earnings				80,000
Dividends		50,000
Tuition fees earned				123,900
Training fees earned				40,000
Depreciation expenseProfessional library		0
Depreciation expenseEquipment		0
Salaries expense		50,000
Insurance expense		0
Rent expense		33,000
Teaching supplies expense		0
Advertising expense		6,000
Utilities expense		6,400
Totals	$	317,400	$	317,400

PreviousNext