Weils Technical institute (WTT), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WT also offers training to groups in off-site locations, its unadjusted trial bolance as of December 31,2022 , is found on the trial balance tab. WT initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through Th that require adjusting entries on December 31 follow. a. An analysis of WTr's insurance policies shows that $2,400 of coverage has explred. b. An inventory count shows thot teaching supplies costing $2,800 are avellable at year-end. c. Annual depreciation on the equipment is $13,200. d. Annual depreciation on the professional library is $7,200 0. On Novembet 1, WTi agreed to do a special shx-month course (starting immediately) for a client. The contract calls for a monthly foe. of $2.500, and the client pald the first five months' foes in advance. When the cash was received, the Unearned Trainling Fees account was ciedited. 1. 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. Al December 31, \$7,500 of the tuition has been eamed by WTI. 9. WTi's two employees are pald weekly. As of the end of the year, two days' salaries have accrued at the rate or $100 per day for each employee. h. The balonce in the Prepaid Rent accountrepresents rent for December. Journal entry worksheet An analysis of WTI's insurance policies shows that $2,400 of coverage has expired. Note: Enter debits before credits. Unadjusted General Lodger Account \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Dec 31 & & & 34,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Teaching supplies } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Dec 31 & & & 8,0 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Unearned training foes } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & Dec 31 & & & 12,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained earmings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Dec 31 & & & 80,000 \\ \hline \end{tabular} Weils Technical institute (WTT), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WT also offers training to groups in off-site locations, its unadjusted trial bolance as of December 31,2022 , is found on the trial balance tab. WT initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through Th that require adjusting entries on December 31 follow. a. An analysis of WTr's insurance policies shows that $2,400 of coverage has explred. b. An inventory count shows thot teaching supplies costing $2,800 are avellable at year-end. c. Annual depreciation on the equipment is $13,200. d. Annual depreciation on the professional library is $7,200 0. On Novembet 1, WTi agreed to do a special shx-month course (starting immediately) for a client. The contract calls for a monthly foe. of $2.500, and the client pald the first five months' foes in advance. When the cash was received, the Unearned Trainling Fees account was ciedited. 1. 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. Al December 31, \$7,500 of the tuition has been eamed by WTI. 9. WTi's two employees are pald weekly. As of the end of the year, two days' salaries have accrued at the rate or $100 per day for each employee. h. The balonce in the Prepaid Rent accountrepresents rent for December. Journal entry worksheet An analysis of WTI's insurance policies shows that $2,400 of coverage has expired. Note: Enter debits before credits. Unadjusted General Lodger Account \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Dec 31 & & & 34,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Teaching supplies } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Dec 31 & & & 8,0 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Unearned training foes } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & Dec 31 & & & 12,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained earmings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Dec 31 & & & 80,000 \\ \hline \end{tabular}