Wilson Technical Institute $($WTI$),$ a school owned by Jeffrey Wilson, provides training to individuals who pay tuition directly to the

school. WTI also offers training to groups in off$-$site locations. Its unadjusted trial balance as of December $31,2022,$ is found on the trial

balance tab. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a

through $h$ that require adjusting entries on December $31$ follow.

a$.$ An analysis of WTI's insurance policies shows that $$2,500$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$3,080$ are available at year$-$end.

c$.$ Annual depreciation on the equipment is $$6,200.$

d$.$ Annual depreciation on the professional library is $$11,800.$

e$.$ On November $1,$ WTI agreed to do a special six$-$month course $($starting immediately$)$ for a client. The contract calls for a monthly

fee of $$2,800,$ and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training

Fees account was credited.

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 $31,$ $$3,000$ of the tuition has been earned by WTI.

g$.$ WT$\text{'}$s two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $$240$ per day for

each employee.

h$.$ The balance in the Prepaid Rent account represents rent for December. Wilson Technical Institute $($WTI$),$ a school owned by Jeffrey Wilson, provides training to individuals who pay tuition directly to theAdjusted

school. WTI also offers training to groups in off$-$site locations. Its unadjusted trial balance as of December $31,2022,$ is found on the trial

balance tab. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a

through $h$ that require adjusting entries on December $31$ follow.

a$.$ An analysis of WTI's insurance policies shows that $$2,500$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$3,080$ are available at year$-$end.

c$.$ Annual depreciation on the equipment is $$6,200.$

d$.$ Annual depreciation on the professional library is $$11,800.$

e$.$ On November $1,$ WTI agreed to do a special six$-$month course $($starting immediately$)$ for a client. The contract calls for a monthly

fee of $$2,800,$ and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training

Fees account was credited.

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 $31,$ $$3,000$ of the tuition has been earned by WTI.

g$.$ WT$\text{'}$s two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $$240$ per day for

each employee.

h$.$ The balance in the Prepaid Rent account represents rent for December.