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Perry Technical Institute $($PTI$),$ a school owned by Kathy Perry, 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 $31.$

An analysis of PTI$$s insurance policies shows that $$2,850$ of coverage has expired.

An inventory count shows that teaching supplies costing $$3,880$ are available at year$-$end.

Annual depreciation on the equipment is $$3,800.$

Annual depreciation on the professional library is $$7,000.$

On September $1,$ PTI agreed to do five courses for a client for $$2,800$ each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $$14,000$ cash in advance for all five courses on September $1,$ and PTI credited Unearned Training Fees.

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 $31,$ $$10,500$ of the tuition has been earned by PTI.

PTI$$s two employees are paid weekly. As of the end of the year, two days$$ salaries have accrued at the rate of $$240$ per day for each employee.

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

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