WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 26,642 10,245 15,371 2,050 30,739 $ 9,223 71,718 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 T. Wells, Capital T. Wells, Withdrawals 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 16,396 36,159 12,000 65,169 40,988 104,516 38,937 49,186 22,550 7,173 5,738 $ 282,400 $282,400 Cash Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. Accounts Receivable Unadj. Bal Accumulated Depreciation-Equipment Unadj. Bal. Adj. Bal. Adj. Bal. Teaching Supplies Accounts Payable Unadj. Bal Unadj. Bal. Adj. Bal. Adj. Bal. Prepaid Insurance Salaries Payable Unadj. Bal. Unadj. Bal. Required information Prepaid Rent Unearned Training Fees Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Professional Library T. Wells, Capital Unadj. Bal. Unadj. Bal. Adj. Bal 0 Adj. Bal. 0 T. Wells, Withdrawals Accumulated Depreciation-Professional Library Unadj. Bal. Unadj. Bal Adj. Bal. 0 Adj. Bal. Tuition Fees Earned Rent Expense Unadj. Bal. Unadj. Bal Adj. Bal. 0 Adj. Bal Training Fees Earned Teaching Supplies Expense Il DA Indon Additional Information Items a. An analysis of WTI's insurance policies shows that $3,071 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,662 are available at year-end. c. Annual depreciation on the equipment is $12, 285. d. Annual depreciation on the professional library is $6142. e. On September 1. WTI agreed to do five courses for a client for $2,400 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 $12,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees. f. 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, $9,100 of the tuition has been earned by WTI. g. 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. h. The balance in the Prepaid Rent account represents rent for December