Taylor Technical Institute $($TTI$),$ a school owned by Greg Taylor, provides training to individuals who pay tuition directly to the school. TTI also offers training to groups in off$-$site locations. Its unadjusted trial balance as of December $31,2022,$ is found on the trial balance tab. TTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through $h$ that require adjusting entries on December $31$ follow.

a$.$ An analysis of TTI's insurance policies shows that $$2,500$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$3,320$ are available at year$-$end.

c$.$ Annual depreciation on the equipment is $$5,800.$

d$.$ Annual depreciation on the professional library is $$11,000.$

e$.$ On November $1,$ TTI agreed to do a special six$-$month course $($starting immediately$)$ for a client. The contract calls for a monthly fee of $$3,000,$ and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited.

f$.$ On October $15,$ TTI agreed to teach a four$-$month class $($beginning immediately$)$ for an executive with payment due at the end of the class. At December $31,$$$4,200$ of the tuition has been earned by TTI.

g$.$ TTl$\text{'}$s two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $$160$ per day for each employee.

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

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$St of Retained$],[$Earnings$]],$Balance Sheet,$\backslash$table$[[$Impact on$],[$income$]]]]$

Use the drop$-$downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances.

Adjusted

Taylor Technical Institute

Balance Sheet

December $31,2022$

Assets

NEED HELP ON A BALANCE SHEET $!$