Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI 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 WTI's insurance policies shows that $2,674 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
3. Annual depreciation on the equipment is $10,698.
4. Annual depreciation on the professional library is $5,349.
5. On September 1, WTI agreed to do five training courses for a client for $2,600 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 $13,000 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue.
6. 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, $6,653 of the tuition revenue has been earned by WTI.
7. 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.
8. The balance in the Prepaid Rent account represents rent for December.

   WELLS TECHNICAL INSTITUTE
   Unadjusted Trial Balance
   December 31
   	Debit	Credit
   Cash	$ 27,396
   Accounts receivable	0
   Teaching supplies	10,536
   Prepaid insurance	15,806
   Prepaid rent	2,108
   Professional library	31,610
   Accumulated depreciationProfessional library		$ 9,484
   Equipment	95,000
   Accumulated depreciationEquipment		16,861
   Accounts payable		21,000
   Salaries payable		0
   Unearned revenue		13,000
   T. Wells, Capital		103,787
   T. Wells, Withdrawals	42,149
   Tuition revenue		107,477
   Training revenue		40,040
   Depreciation expenseProfessional library	0
   Depreciation expenseEquipment	0
   Salaries expense	50,579
   Insurance expense	0
   Rent expense	23,188
   Teaching supplies expense	0
   Advertising expense	7,376
   Utilities expense	5,901
   Totals	$ 311,649	$ 311,649

   Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end.