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 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. c. Annual depreciation on the equipment is $14,929. d. Annual depreciation on the professional library is $7,464. e. 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 pald $13,500 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees. f. 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, $11,600 of the tuition has been earned by WTI. g. WTI's two employees are pald 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 Credit $ Debit 27,698 19,652 15,981 2,132 31,958 $ 9,589 74,555 17,046 36,568 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 13,500 67,754 42,613 108,661 48,482 51,136 23,452 7,457 5,966 $ 293,680 $293,680 2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. 2-b. Prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Reg 2A Reg 2B Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. Cash Equipment Unadj. Bal. Unadj. Bal Adj. Bal. Adj. Bal 0 Accounts Receivable Accumulated Depreciation Equipment Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. 0 Teaching Supplies Accounts Payable Unadj. Bal Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Prepaid Insurance Salaries Payable Unadj. Bal Unadj. Bal. Adj. Bal. Adj. Bal. 0 Prepaid Rent Unearned Training Fees Unadj. Bal Unadi. Bal Adj. Bal. 0 Adj. Bal. Professional Library T. Wells, Capital Unadj. Bal Unadj. Bal Adj. Bal. 0 Adj. Bal. 0 Activate Windows T. Wells, Withdrawals Accumulated Depreciation-Professional Library Unadj. Bal. Unadj. Bal. Adj. Bal. Adj. Bal. 0 Tuition Fees Earned Rent Expense Unadi. Bal Unadj. Bal. Adj. Bal. Adj. Bal. Training Fees Earned Teaching Supplies Expense Unadj. Bal. Unadj. Bal. Adj. Bal. 0 Adj. Bal. 0 Advertising Expense Depreciation Expense-Professional Library Unadj. Bal. Unadi. Bal Adj. Bal Adj. Bal. Utilities Expense Depreciation Expense-Equipment Unadj. Bal Unadi. Bal Adj. Bal. Adj. Bal. Salaries Expense Insurance Expense Unadj. Bal. Unadj. Bal. Adj. Bal! Adj. Bal. 0 Reg 2A Req 2B> WELLS TECHNICAL INSTITUTE Adjusted Trial Balance December 31 Debit Credit Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation-Professional library Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals S S