What would the answers be?

Required Information The following information applies to the questions displayed below) 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 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 training 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 paid $13,500 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, $11,600 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 WELLS TECHNICAL INSTITUTE Usadjusted Trial Balance h. The balance in the Prepaid Rent account represents rent for December Credit Debit $ 27,849 10,710 16,068 2,165 32.133 103.000 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Cash Accounts receivable Reaching supplies Prepaid insurance Prepaid rent Professional Library Accumulated depreciation Professional Library Equipment Acconalated depreciation Equipment Accounts payable salarias payable evende Coman stock retained earning Dividenda Training reven Depreciation expense-Professional library Depreciation expanse-Equipment salaries expense Insurance expende Tent wapens Teaching wopplies expense Mavertising expense Utilities expense Totala $ 9,641 17,139 22.000 13.500 32,996 78,000 109.254 40,702 42,845 uition revenue 51.415 0 23.57) D 7.690 5,90 $ 323, 232323232 Required: 1 Punhan disfrems through our that acusting entries are made only a year-end Total $ 323, 232 $ 323,232 Required: 1. Prepare the necessary adjusting journal entries for Items la through h. Assume that adjusting entries are made only at year-end. View transaction list Journal entry worksheet 1 2 3 4 5 6 6 7 8 8 An analysis of WTI's insurance policies shows that $3,732 of coverage has expired. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Prey 1 2 3 of 4 !!! Next $ 323,232 Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. View transaction list Journal entry worksheet Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. View transaction list Journal entry worksheet N 3 5 6 7 8 Annual depreciation on the equipment is $14,929. Noter Enter debits before credits. Transaction General Journal Debit Credit Clear entry Record entry View general Journal Prey 1 2 3 3 of 4 !!! Next > 3:32 Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. View transaction list Journal entry worksheet 1 2 3 5 6 7 8 Annual depreciation on the professional library is $7,464. Note: Enter debits before credits. Goneral Journal Debit Credit Transaction d. View general Journal Record entry Clear entry CD 2 Prey 1 3 3 Next > of 4 !!! Required: 1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-e View transaction list Journal entry worksheet View transaction list Journal entry worksheet