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Additional Information Items

a$.$ An analysis of WTI's insurance policies shows that $$3,203$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$2,776$ are available 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 five training courses for a client for $$2,600$ each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $$13,000$ 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 $31,$ $$9,250$ 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.

$\backslash$table$[[\backslash$table$[[$WELLS TECHNICAL INSTITUTE$],[$Unadjusted Trial Balance$],[$December $31]]],[,$Debit,Credit$],[$Cash$,$$ $27,094,],[$Accounts receivable,$0,],[$Teaching supplies,$10,420,],[$Prepaid insurance,$15,632,],[$Prepaid rent,$2,085,],[$Professional library,$31,262,],[$Accumulated depreciation$-$Professional library,,$ $9,380],[$Equipment$,99,000,],[$Accumulated depreciation$-$Equipment,,$16,675],[$Accounts payable,,$22,000],[$Salaries payable,,$0],[$Unearned revenue,,$13,000],[$T$.$ Wells, Capital,,$106,318],[$T$.$ Wells, Withdrawals,$41,684,],[$Tuition revenue,,$106,293],[$Training revenue,,$39,599],[$Depreciation expense$-$Professional library,$0,],[$Depreciation expense$-$Equipment,$0,],[$Salaries expense,$50,022,],[$Insurance expense,$0,],[$Rent expense,$22,935,],[$Teaching supplies expense,$0,],[$Advertising expense,$7,295,],[$Utilities expense,$5,836,],[$Totals$,$$ $313,265,$$ $313,265]]$

Problem $3-3$A $($Algo$)$ Part $1$

Required:

Prepare the necessary adjusting journal entries for items a through $h.$ Assume that adjusting entries are made only at year$-$end.