Wells Technical Institute $($WTI$),$ a school owned by Tristana Wells, provides training to Individuals who pay tultion directly to the school. WTI also offers training to groups in off$-$site locations. WTI Initilly 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 ftems

a$.$ An analysis of WTI's insurance policles shows that $$3,600$ of coverage has explred.

b$.$ An inventory count shows that teaching supplies costing $$3,120$ are avallable at year$-$end.

c$.$ Annual depreciation on the equipment is $$14,400.$

d$.$ Annual depreciation on the professional library is $$7,200.$

e$.$ On September $1,$ WTI agreed to do five training courses for a cllent for $$2,600$ each. Two courses will start Immedlately and finish before the end of the year. Three courses will not begin until next year. The cllent pald $$13,000$ cash in advance for all five training courses on September $1,$ and WTI credited Unearned Revenue.

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,$$$11,200$ of the tuition revenue has been earned by WTI.

g$.$ WTI's two employees are pald weekly. As of the end of the year, two days' salarles have accrued at the rate of $$100$ per day for each employee.

h$.$ The balance in the Prepald Rent account represents rent for December.