Wells technical institute(WT)?, a school owned by wells, provides training to individuals who pay directly to the school. WTI also offers training to groups in off-she locations. Its unadjusted trial balance as of December 31, 2016, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Description of items a through h that require adjusting entries on December 31, 2016, follows: a. An analysis of WTI's insurance shows that $2, 400 of coverage has expired. b. An inventory count shows that teaching supplies costing $2, 800 are available at year-end 2016. c. Annual depreciation on the equipment is $13, 200. d. Annual depreciation on the professional library is $7, 200. e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The content calls for a monthly fee of $2, 500, and the client paid the first five another's fees in advance, when the cash was received, the unearned Training Fees account was credited. The fee for the sixth monthly will be recorded when it is collected is 2016. f. On October 15, WTI agrees to teach a four-month class(beginning immediately) for an individual for $3,000 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 are applied to the rarest half-month: for example, October recognizes one-half month) g. WTI's two employees are paid weekly. As of the end of the year. two days salarie's have accrued at the rate of $100 per day for each employee. h. The balance in the prepaid Rent accounts rent for December