statementy.

$\backslash$table$[[\backslash$table$[[$Katys Cooking School Unadjusted Trall balance$],[$December $312015]]],[$Cash$,$Debit,Credit$],[,34,000,],[$Accounts recelvable,$0,],[$Teaching supplies,$8,000,],[$Ppd Insurance,$12,000,],[$Ppd Rent,$3,000,],[$Prof Library,$35,000,],[$Accum Depr Lib,,$10,000],[$Equipment$,80,000,],[$Accum Drp Equip,,$15,000],[$Accounts Payable,,$26,000],[$Salaries payable,,$0],[$Unearned tn fees,,$12,500],[$Capital$,,90,000],[$Draw$,50,000,],[$Tuition fees earned,,$123,900],[$Training fees earned,,$40,000],[$Depr expense prof libra,$0,],[$Depr expense equipmer,$0,],[$Salary expense,$50,000,],[$Insurance expense,$0,],[$Rent expense,$33,000,],[$Teach supply expense,$0,],[$Advertising expense,$6,000,],[$Jtilities expense,$6,400,],[$Totals$,317,400,317,400]]$

$1$ Enter the account balances from the trall balance in the General Ledger

$2$ Journal the following adjusting Entries

a An analysis of the insurance policies show that $$2\mathrm{.}400$ of coverage has explied

b An inventory count shows that teaching supplies costine $$2,800$ are available at year$-$end.

c Xinual Depreciation on the equipment is $$13,200$

d Annual Depreciation on the professional library is $7200$

On Nov $1$ katy apreed to do a spectatt imbuth course starting in ediately for a student. The contract calls for a monthly fee of $$2500$ and the student paid the first $5$ mosths fees in advance. When the cash was recelved, the Unearned Training Fees account was credited. The fee for the $6$th month with be e recorded when it is collected next year.

On Octaber $-5$ Taby acreed to teach a $4$ month class beensing imediativi for a slodent for $$3000$ tultion per month parable at the end of class. The class started on October is but no payment as yet been received. Katy's f accruals are applied to the nearest hall month.

Katy's two employees are paid weekly. As of the end of the year, two days' salaries have g accrued at the rate of $$100$ per day for each employee.

h The balance in the Prepaid Rent account represents rent for December.

eneral Journal

Debit

Credit

$\backslash$table$[[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]\backslash$table$[[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[n,,,,]]\backslash$table$[[$Adjusted Trail Balance$],[$TRIAL BALANCE,,,$],[$Accounts$,$DR$,,$CR$],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[$Totals$,,-,]]$Katys Cooking School Income statement December $31201$X

Revenue Expenses

$\backslash$table$[[,],[,],[,],[,],[,],[,],[$Total Expenses,$-],[$Net Income,$]]$

Katys Cooking School

Statement of Owners Equity

December $31201$X

Statement of owner equity

Beginning Equity $$

$$