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Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directlyWELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31 Credit Debit $ 34,000 0 8,000 12,000 3,000 35,000 $ 10,000 80,Required 1. Prepare T-accounts (representing the ledger) with balances from the unadjusted trial balance. 2. Prepare the nece

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1&3) Unadj. bal. Adj. bal. Cash $34,000 $34,000 Unadj. bal. Adj. bal. Professional Library $35,000 $35,000 Salaries Payable UTution Fees Earned Unadj. bal. $123,900 a) $7,500 Adj. bal. $131,400 Unadj. bal. b) Adj. bal. Teaching Supplies Expense $0 $52) Adjusting Entries: CREDIT EVENT a) DATE Dec. 31 DEBIT $2,400 $2,400 b) Dec. 31 $5,200 [$8000 - $2800] $5,200 c) Dec. 31 $14A) CREDIT DEBIT $34,000 $7,500 $2,800 $9,600 $35,000 $176,400 WELLS TECHNICAL INSTITUTE Income Statement For the Year Ended4C) Assets Current Assets: Cash Accounts Receivable Teaching Supplies Perpaid Insurance Total Current Assets Property, Plant

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