Wells Technical instutute (WTT) provides training to individuals who pay tuition directly to the school. WTI aiso 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 WTIs insurance pollcies shows that $3,203 of coveroge has expired. b. An inventory count shows that teaching supplies costing $2,776 are avaliable at year-end. c. Annual depreciation on the equipment is $12,814. d. Annual depreciation on the professional library is $6,407. e. On September 1, WTI agreed to do flve training courses for a client for $2,700 each. Two courses will start immediately and finish before the end of the yeat. Three courses will not begin until next yeat. The client paid $13,500 cash in advance for all five training courses on September 1 , and WTI credited Unearned Revenue. f. On October 15, WT agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31,$9,000 of the tuition revenue has been earned by WTi. 9. WTis two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per diy for each employee. h. The balance in the Prepaid Rent account represents rent for December. Prepare an adjusted trial balance