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WTI'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. Note: Enter debits before credits. An analysis of WTI's insurance policies shows that $3,996 of coverage has expired. Note: Enter debits before credits. On September 1 , WTI agreed to do five training courses for a client for $2,300 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 $11,500 cash in advance for all five training courses on September 1, and WTI credited Note: Enter debits before credits. equired information The following information applies to the questions displayed below.] Nells Technical Institute (WTL, a school owned by Tristana Wells, provides training to individuals who pay tuition directl he school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned evenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows, along with descriptions of tems a through h that require adjusting entries on December 31. Additional Information Items a. An analysis of WTI's insurance policies shows that $3,996 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,464 are available at year-end. c. Annual depreciation on the equipment is $15,986. d. Annual depreciation on the professional library is $7,993. e. On September 1 , WTI agreed to do five training courses for a client for $2,300 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 $11,500 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31,$13,903 of the tuition revenue has been earned by WTI. g. WTI'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. Journal entry worksheet 1 2 3 8 On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31,$13,903 of the tuition revenue has been earned by WTI. Note: Enter debits before credits. The balance in the Prepaid Rent account represents rent for December. Note: Enter debits before credits

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