please do it clear enough to understand.

GLO302 - Based on Problem 3-3A Wells Technical Institute LO P1, P2, P3, P4, P5, P6 Wells Technical Institute (WTI. a school owned by Tristana Wells, 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, 2018, is found on the trial balance tab. WT1 initially records prepaid expenses and uneared revenues in balance sheet accounts Descriptions of items a through that require adjusting entries on December 31 follow a. An analysis of WT's insurance policies shows that $2.400 of coverage has expired. b. An inventory count shows that teaching supplies costing $2.800 are available at year-end. C. Annual depreciation on the equipment is $13.200. d. Annual depreciation on the professional library is $7.200. 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 $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited 1 On October 15, WTI agreed to teach a four month class (beginning immediately for an executive with payment oue at the end of the class. At December 31, $2.500 of the tuition has been eamed by WTL 9. WTI's two employees are paid weeky 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 Answer is not complete. General General Requirement Income Trial Balance Si Retained balance Sheet impact on Journal Ledger Statement Earnings meme For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down) Show less Adjusted Impacte Accountalecting the income statement Balance Sheet Adjusting entry related to: Insurance Teaching supplies Depreciation equipment d Depreciationary d. Annual depreciation on the professional library is $7.200. 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 $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited 1. 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, $7,500 of the tuition has been earned by WTI. g. Wil's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of 5100 per day for each employee h. The balance in the Prepaid Rent account represents rent for December. Answer is not complete. General General Income Trial Balance St Retained Balance Sheet Requirement Impact on Journal Ledger Statement Earnings income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Adjusted Impact on net income Account affecting the Adjusting entry related to: Income statement Balance Sheet a Insurance b. Teaching supplies c. Depreciation equipment d. Depreciation - library .. Training fees Tuition Salaries h Rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments $ 0 0 Bonne alance Sheet Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income You may view elther the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Adjusted Wells Technical Institute Trial Balance December 31, 2018 Account Title Debit Credit Cash $ 34,000 8,000 0.000 3,000 35.000 10.000 80,000 Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation - Professional library Equipment Accumulated depreciation Equipment Accounts payable Uneamed training fees Common stock Retained earnings Dividends Tuition fees earned Training fees earned Salaries experte insurance expense Rent expense Advertising expense Us expense Total 15,000 26.000 12.500 10,000 60,000 50,000 123.800 40,000 50,000 2,400 33.000 6.000 6.400 317.400$ 317400 General Ledger Income Statement > su Starting immediately for a client. The contract calls for a monthly fee of $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited 1. 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, $7,500 of the tuition 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 Requirement General Journal General Ledger Trial Balance Income Statement St Hetained Earnings Balance Sheet Impact on income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Adjusted Account affecting that Income statement Balance Sheet Impact on Income Adjusting entry related to: & Insurance b. Teaching supplies Depreciation equipment d Depreciation - Ibrary Training fees Tuition Salaries h Rent Total impact on income due to adjustments Net Income before adjustments Net income after adjustments 5 0 on in