WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Debit Credit $26,340 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulatedd depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees 0 10,129 15,197 2,027 30,391 9,119 102,000 16,210 24,000 13,500 20,640 85,000 Common stock Retained earnings Dividends 40,523 Tuition fees earned 103,332 Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense 38,496 0 48,628 Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense 0 22,297 0 7,092 5,673 $310,297 $310,297 Totals View transaction list Journal entry worksheet 5 1 2 4 6 On September 1, WTI agreed to do five courses for a client for $2,700 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 $13,500 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees. Note: Enter debits before credits. General Journal Debit Credit Transaction Unearned training fees 10,800 e Training fees earned 10,800 Record entry View general journal Clear entry