Question

Topshow-clos Title DocuSign Microsoft Word Help Saved W GWS LES SUR LE SI. Additional Information Items a. An analysis of WTI's Insurance policies shows that $3,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,120 are available at year-end. c. Annual depreciation on the equipment is $14400 d. Annual depreciation on the professional library is $7.200. 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 1. On October 15, WT agreed to teach a four-month class (beginning immediately for an executive with payment due at the end of the class. At December 31, $11.450 of the tuition has been earned by WTI. 9. WT'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 WEI TECHNICAL TOITUTE Dadjusted Trace Credit 836, < Prev 7 9 11 18 Next > J L M Logitech

Answer 1

THE ADJUSTING ENTRIES AND TRIAL BALANCE AS FOLLOWS

Japea- influranee ALC debit ( credit($ aboo 3600 3/20 3120. Pep.com TO Accumulated slys om 14400 144400- - Adjulting entives particules prepard Emblerance Insering prepould insurance expired ) Teaching supplies #le- Teathing supplis expenses #lo. [being Teaching supplies expenses incond Eyeopment Ale Suipmental I dep an Equipment provided] on prof. Iebrary Ale TO Accoundated seg on Library #le [Bring sep om dibrany provided o umearned toating Fee Al. To Traing Fee Eurned a le. [12000 ts couses X2 completed courses] [Being Earned Trating Fee transfered ③ Accounts receivables Ale To Tution Fee All pep 7207 7200 Seco $9000 11 452 11482 400 [Bering Tutium Fee dire salay exp. re-a to Salary paguble All [Beng salay due [zdezy x2 wontent that 400 To prepard rent Alc (Bering prepaid rent expired] 2062 fent Ale 2062 CS Scanned with CamScanner

114 50 3120 Trial Baluce Name of Account ePbEAT KK4) cosh 26792 Accounts receivable. Teaching supplies. [10304 - 3120) 7184 Teaching, supplies Expenses pre pard insurance [15458-3600] [11858 prepaid insurance Rent preped [2062 2061] Hemt zopentes [22682+2062 24744 profesional liberry Accumulated keep on Liboury 275+72002'30913+14400 ] 16475 +6475 equipment Accumulated Alp on Equipment 86489+14406] 3600 36919 -15313. 98000, Account puyable Sularis payable 30889 2 5000 400 7500, 27351 Common stock 41230 75010 1165058 44158 7200 umeurned Training Fee (2500-Step Retained earmings Arvidends Tution Fee samel (105 108+11450] Training Fee Eurned [39188+5000 14400 pep on professional Library rep on Equipment Suluril's [ 49464 +400] 4 98647 Rent-Portmes£23694+2067 Feathing supplits expenses Advertising copennes 7214 utititics Expemes Totul 34333 5771 343331 CS Scanned with CamScanner

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