GL0302 - Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 Sarshez. Technical Institute (ST6), a school owned by Carlos Sanchez, provides training to individuals who pay tuition directly to the school STI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018. I found on the triat are .STLily records prepaid expenses and uncanned revenues in balance sheet accounts. Descriptions of items a through in that require adjusting entries on December 31 follow. a. An analysis of STI's insurance policies shows that $2.700 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,480 are available at year-end. c. Annual depreciation on the equipment is $5.000 d. Annual depreciation on the professional library is $9.400. e. On November 1. STI agreed to do a special six month course (starting immediately for a client. The contract calls for a monty fee of $2,800, and the client paid the first five months fees in advance. When the cash was received, the Uneamed Training Fees account was created L on October 15. STI agreed to teach a four month class (beginning immediately for an executive with payment due at the end of the class. Al December 31. $9,000 of the tuition has been earned by STI. J. Strs 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 General Ger Income Requirement St Retained Journal Importon Triw Balance Ledger Statement Be Sheet Earnings For transactions ah, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustments posted automatically to the general ledger and trial balance as soon as you click Erecord entry View transaction that Vww journal entry worksheet No Date Creo Account Teaching supplies Teaching supplies expose babit 3.480 Dec 31 3.480