Please prepare the general journal, income statement, balance sheet, and impact on income

GL0302 - Based on Problem 3-3A LO P1, P2, P3, P4, P6 Nguyen Technical Institute (NTI), a school owned by Than Nguyen, provides training to individuals who pay tuition directly to the school. NTI also offers training to groups in offsite locations. lts unadjusted trial balance as of December 31, is found on the trial balance tab. NTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31. a. An analysis of NTl's insurance policies shows that $2,950 of coverage has expired. 1:. An inventory count shows that teaching supplies costing $3,960 are available at yearend. c. Annual depreciation on the equipment is $4,200. d. Annual depreciation on the professional library is $7,800. 3. On September 1, NTI agreed to do ve courses for a client for $3,200 each. Two courses will start immediately and nish before the end ofthe year. Three courses will not begin until next year. The client paid $16,000 cash in advance for all five courses on September 1, and NTI credited Unearned Training Fees. f. On October 15, NTI agreed to teach a fourmonth class {beginning immediately) for an executive with payment due at the end of the class. At December 31, $8,000 ofthe tuition has been earned by NTI. g. NTl's two employees are paid weekly. As ofthe end of the year, two days' salaries have accrued at the rate of $180 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. 0 Answer is not complete. St Owner Equky Impact on income In COITI e Statement Balance Sheet Requirement Trial Balance General Ge neral Journal Ledger