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

a$.$ An analysis of PTI's insurance policies shows that $$2,650$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$3,720$ are available at yearend.

c$.$ Annual depreciation on the equipment is $$4,600.$

d$.$ Annual depreciation on the professional library is $$8,600.$

e$.$ On September $1,$ PTI agreed to do five courses for a client for $$3,000$ each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $$15,000$ cash in advance for all five courses on September $1,$ and PTI credited Unearned Training Fees.

f$.$ On October $15,$ PTI agreed to teach a four$-$month class $($beginning immediately$)$ for an executive with payment due at the end of the class. At December $31,$$$8,500$ of the tuition has been earned by PTI.

g$.$ PTI'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. what does the balance sheet look like?