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. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of itemsathroughhthat require adjusting entries on December 31, 2017, follow. Additional Information Items

1. An analysis of WTI's insurance policies shows that $2,939 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,547 are available at year-end 2017.
3. Annual depreciation on the equipment is $11,756.
4. Annual depreciation on the professional library is $5,878.
5. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,280 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
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, 2017
	Debit		Credit
Cash	$	27,547
Accounts receivable		0
Teaching supplies		10,594
Prepaid insurance		15,894
Prepaid rent		2,120
Professional library		31,784
Accumulated depreciation?Professional library				$	9,537
Equipment		74,152
Accumulated depreciation?Equipment					16,954
Accounts payable					37,294
Salaries payable					0
Unearned training fees					12,500
T. Wells, Capital					67,385
T. Wells, Withdrawals		42,381
Tuition fees earned					108,069
Training fees earned					40,261
Depreciation expense?Professional library		0
Depreciation expense?Equipment		0
Salaries expense		50,858
Insurance expense		0
Rent expense		23,320
Teaching supplies expense		0
Advertising expense		7,417
Utilities expense		5,933
Totals	$	292,000		$	292,000

Required:

1.Prepare the necessary adjusting journal entries for itemsathroughh. Assume that adjusting entries are made only at year-end.

2.-a.Post the balance from the unadjusted trial balance and the adjusting entries in to theT-accounts. 2-b.Prepare an adjusted trial balance.

3-a.Prepare Wells Technical Institute's income statement for the year 2017. 3-b.Prepare Wells Technical Institute's statement of owner's equity for the year 2017. 3-c.Prepare Wells Technical Institute's balance sheet as of December 31, 2017.

The attachment will give you an understanding and example of what I need. Thanks.