Saved Help Save & Exit Submit a. An analysis of WTi's Insurance policies shows that $4.129 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,578 are available at year-end c. Annual depreciation on the equipment is $16,515. d. Annual depreciation on the professional library is $8,258. e. On September 1. WTI agreed to do five courses for a client for $2,500 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 $12,500 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees 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, $14,050 of the tuition has been earned by WTI 9. 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 WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 27, 245 0 10,478 15,719 2,097 31,436 $ 9,432 73,338 16,768 36,749 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional Library Accumulated depreciation-Professional Library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense-Professional Library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 12,500 66,646 41,916 106,885 39,820 8 50, 300 @ 23,067 0 7,336 5,868 $288,888 5288,800