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, 2015, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2015, follow.

Additional Information Items

a.	An analysis of WTI's insurance policies shows that $3,732 of coverage has expired.
b.	An inventory count shows that teaching supplies costing $3,235 are available at year-end 2015.
c.	Annual depreciation on the equipment is $14,929.
d.	Annual depreciation on the professional library is $7,464.
e.	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 $2,800, 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 2016.
f.	On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,540 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.)
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.

WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2015
	Debit		Credit
Cash	$	26,642
Accounts receivable		0
Teaching supplies		10,245
Prepaid insurance		15,371
Prepaid rent		2,050
Professional library		30,739
Accumulated depreciationProfessional library			$	9,223
Equipment		71,718
Accumulated depreciationEquipment				16,396
Accounts payable				34,159
Salaries payable				0
Unearned training fees				14,000
Common stock				13,034
Retained earnings				52,135
Dividends		40,988
Tuition fees earned				104,516
Training fees earned				38,937
Depreciation expenseProfessional library		0
Depreciation expenseEquipment		0
Salaries expense		49,186
Insurance expense		0
Rent expense		22,550
Teaching supplies expense		0
Advertising expense		7,173
Utilities expense		5,738
Totals	$	282,400	$	282,400

Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. Answer is not complete Transaction General Journal Debit Credit a. 3,732 Insurance expense 3,732 Prepaid insurance 3,235x Teaching supplies expense 3,235 Teaching supplies C. Depreciation expense-Equipment 14,929 Accumulated depreciation-Equipment 14,929 d. Depreciation expense-Professional library 7,464 7,464 Accumulated depreciation-Professional library 2,800 Unearned training fees 2,800X Training fees earned Accounts receivable 4,540 400 Salaries expense Salaries payable 400 2,050 Rent expense 2,050 Prepaid rent