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Wells Technical Institute | ||
Adjusting Entries | ||
Account | Debit $ | Credit $ |
Insurance Expense | 2,400.00 | |
Prepaid Insurance | 2,400.00 | |
Supplies Expense | 5,200.00 | |
Teaching Supplies | 5,200.00 | |
Depreciation- Professional Library | 7,200.00 | |
Accumulated Depreciation- Professional Library | 7,200.00 | |
Depreciation- Equipment | 13,200.00 | |
Accumulated Depreciation- Equipment | 13,200.00 | |
Unearned Training Fees | 5,000.00 | |
Training Fees earned | 5,000.00 | |
Accounts Receivable | 7,500.00 | |
Tuition Fees Earned | 7,500.00 | |
Salaries Expense | 400.00 | |
Salaries Payable | 400.00 | |
Rent Expense | 3,000.00 | |
Prepaid Rent | 3,000.00 | |
Adjusted Trial Balance | Unadjusted | Adjustments | Adjusted | |||
Account Titles | Debit | Credit | Debit | Credit | Debit | Credit |
Cash | 34,000.00 | 34,000.00 | ||||
Accounts Receivable | 7,500.00 | 7,500.00 | ||||
Teaching Supplies | 8,000.00 | 5,200.00 | 2,800.00 | |||
Prepaid Insurance | 12,000.00 | 2,400.00 | 9,600.00 | |||
Prepaid Rent | 3,000.00 | 3,000.00 | - | |||
Professional Library | 35,000.00 | 35,000.00 | ||||
Accumulated Depreciation- Professional Library | 10,000.00 | 7,200.00 | 17,200.00 | |||
Equipment | 80,000.00 | 80,000.00 | ||||
Accumulated Depreciation- Equipment | 15,000.00 | 13,200.00 | 28,200.00 | |||
Accounts Payable | 26,000.00 | 26,000.00 | ||||
Salaries Payable | 400.00 | 400.00 | ||||
Unearned Training Fees | 12,500.00 | 5,000.00 | 7,500.00 | |||
Common Stock | 10,000.00 | 10,000.00 | ||||
Retained Earnings | 80,000.00 | 80,000.00 | ||||
Dividends | 50,000.00 | 50,000.00 | ||||
Tuition Fees Earned | 123,900.00 | 7,500.00 | 131,400.00 | |||
Training Fees Earned | 40,000.00 | 5,000.00 | 45,000.00 | |||
Depreciation- Professional Library | 7,200.00 | 7,200.00 | ||||
Depreciation- Equipment | 13,200.00 | 13,200.00 | ||||
Salaries Expense | 50,000.00 | 400.00 | 50,400.00 | |||
Insurance Expense | 2,400.00 | 2,400.00 | ||||
Rent Expense | 33,000.00 | 3,000.00 | 36,000.00 | |||
Teaching Supplies Expense | 5,200.00 | 5,200.00 | ||||
Advertising Expense | 6,000.00 | 6,000.00 | ||||
Utilities Expense | 6,400.00 | 6,400.00 | ||||
Total | 317,400.00 | 317,400.00 | 43,900.00 | 43,900.00 | 345,700.00 | 345,700.00 |
please help ? Required Information The following information applies to the questions displayed below Wells Technical...
wells technical Required information (The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Required information [The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...
Required information The following information applies to the questions displayed below) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31 Additional Information Items...
Required information [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31. Additional Information Items...