Required Informa Part 1 al 2 Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3, P4, PG The to on applies to the questions Wads Technical Institute (WTO, a school owned by Tristana Walls, provide training to individuals who pay baition directly to The school. WTI also offers training to groups in off the locations. WII initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of ems a through h that require adjusting entries on December 31 mation Rems .. An analysis of WIT's insurance policies shows that $3,864 of coverage has expired b. An inventory count shows that teaching supplies costing $3.349 are available at year-end c. Annual depreciation on the equipment is $15,458 d. Annual depreciation on the professional library is $7,729. e. On September 1. WTI agreed to de five courses for a client for $2.900 each. Two courses will start immediately and nnish before the end of the year. Three courses will not begin uni next year. The client pold $14.500 cash in advance for all five courses on September \\, and WTI credited Unearned Training Fees. 4, On October 15, W!] agreed to teach a four month class (beginning immediately) for an executive with payment due at the end of the class. At December 31 $11,750 of the tuition has been earned by g. WTis 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 repr sents rent for December WELLA TECHNICAL INSTITUTE Justed Trial Balamen Dehis Credit Carb 12,245 rants receivable Teaching supplica Prepaid insurance 15:719 Prepaid rent Professional library cumisted depreciation Professional Library 1,432 qupoint cumulated depreciation Equipment counts payable Salaries payable Unwarned training fees . Wells, Capital Wells, Withdrawals Tuition fees sarsad 106, 685 Training foon sarand Depreciation Expense Professional library precistion m aries expanse 30,200 Advertising expense villition expsam Tetala Problem 3-3A Part 1 Required L Prepare the necessary ac nal entries for kems a through h Assume ting entries are made only al year end, Vice Walzclen hat Journal entry worksheet