Wells Technical Institute $($WTI$)$ 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 $31.2-$a$.$ Post the balance from the unadjusted trial balance and the adjusting entries into the T$-$accounts.

$2-$b$.$ Prepare an adjusted trial balance.

Complete this question by entering your answers in the tabs below.

Req $2A$

Post the balance from the unadjusted trial balance and the adjusting entries into the T$-$accounts.

Accounts Receivable

Teaching Supplies

Accumulated Depreciation$-$Equipment

Accounts Payable

Salaries Payable Req $2$A

Req $2$ :

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 training courses for a client for $$2,900$ each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $$14,500$ cash in advance for all five training courses on September $1,$ and WTI credited Unearned Revenue.

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 $31,$ $$11,100$ of the tuition revenue has been earned by WTI.

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.

$\backslash$table$[[\backslash$table$[[$WELLS TECHNICAL INSTITUTE$],[$Unadjusted Trial Balance$],[$December $31]]],[,$Debit,Credit$],[$Cash$,$$$26,189,],[$Accounts receivable,$0,],[$Teaching supplies,$10,071,],[$Prepaid insurance,$15,110,],[$Prepaid rent,$2,015,],[$Professional library,$30,217,],[$Accumulated depreciation$-$Professional library,,$$9,066],[$Equipment$,101,000,],[$Accumulated depreciation$-$Equipment,,$16,117],[$Accounts payable,,$21,000],[$Salaries payable,,$0],[$Unearned revenue,,$14,500],[$Common stock,,$],[$Retained earnings,,$82,000],[$Dividends$,40,291,],[$Tuition revenue,,$102,740],[$Training revenue,,$38,275],[$Depreciation expense$-$Professional library,$0,],[$Depreciation expense$-$Equipment,$0,],[$Salaries expense,$48,350,],[$Insurance expense,$0,],[$Rent expense,$22,165,],[$Teaching supplies expense,$0,],[$Advertising expense,$7,051,],[$Utilities expense,$5,641,],[$Totals$,$$$308,100,$$$308,100]]$