Required Information Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3, P4, P6 The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to e school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of Items a through that require adjusting entries on December 31 Additional Information Items 6. An analysis of WTF's insurance policies shows that $3,600 of coverage has expired. b. An inventory Count shows that teaching supplies costing $3:20 are available at year-end c. Annual depreciation on the equipment is $14,400. d. Annual depreciation on the professionatbrary is $7.200. e. on September, WTI agreed to do five courses for a citent for $2.200 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 $11000 cash in advance for ative courses on September 1, and WTI credited Uneamed Training Fees 1. On October 15, WTI agreed to teach a four months beginning immediately for an executive with payment due at the end of the class At December 31, 5121200 or the button has been earned by WT 9. Wristwo employees are paid weekly As of the end of the year two days salanes have accrued at the rate of $100 per dy for each employee n. The bande in the Prepaid Rent account recent rent for December EN Required Information Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3, P4, P6 The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to e school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of Items a through that require adjusting entries on December 31 Additional Information Items 6. An analysis of WTF's insurance policies shows that $3,600 of coverage has expired. b. An inventory Count shows that teaching supplies costing $3:20 are available at year-end c. Annual depreciation on the equipment is $14,400. d. Annual depreciation on the professionatbrary is $7.200. e. on September, WTI agreed to do five courses for a citent for $2.200 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 $11000 cash in advance for ative courses on September 1, and WTI credited Uneamed Training Fees 1. On October 15, WTI agreed to teach a four months beginning immediately for an executive with payment due at the end of the class At December 31, 5121200 or the button has been earned by WT 9. Wristwo employees are paid weekly As of the end of the year two days salanes have accrued at the rate of $100 per dy for each employee n. The bande in the Prepaid Rent account recent rent for December EN