Nguyen Technical Institute (NTI), a school owned by Than Nguyen, provides training to individuals who pay tuition directly to the school. NTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found on the trial balance tab. NTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow.
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
NTI | ||
Adjusting Entries | ||
Account | Debit $ | Credit $ |
Insurance Expense | 2,950.00 | |
Prepaid Insurance | 2,950.00 | |
Supplies Expense | ||
Teaching Supplies | - | |
Depreciation- Professional Library | 7,800.00 | |
Accumulated Depreciation- Professional Library | 7,800.00 | |
Depreciation- Equipment | 4,200.00 | |
Accumulated Depreciation- Equipment | 4,200.00 | |
Unearned Training Fees | 6,400.00 | |
Training Fees earned | 6,400.00 | |
Accounts Receivable | 8,000.00 | |
Tuition Fees Earned | 8,000.00 | |
Salaries Expense | 720.00 | |
Salaries Payable | 720.00 | |
Rent Expense | ||
Prepaid Rent | - |
Nguyen Technical Institute (NTI), a school owned by Than Nguyen, provides training to individuals who pay...
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. Its unadjusted trial balance as of December 31, 2018,
follows. WTI initially records prepaid expenses and unearned
revenues in balance sheet accounts. Descriptions of items
athrough h that require adjusting entries on
December 31, 2018, follow.
Additional Information Items
An analysis of WTI's insurance policies shows that $2,400 of...
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. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. Additional Information Items An analysis of WTI's insurance policies shows that $4,129 of...
Gonzalez Technical Institute (GTI ), a school owned by Maria
Gonzalez, provides training to individuals who pay tuition directly
to the schoolGTI also offers training to groups in off site
locations. Its unadjusted trial balance as of December 31, is found
on the trial balance tab . GTI initially records prepaid expenses
and unearned revenues in balance sheet accountsDescriptions of
items a through h that require adjusting entries on December 31 a.
An analysis of GTI’s insurance policies shows that...
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. Its unadjusted trial balance as of December 31, 2015, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2015, follow. Additional Information Items a. An analysis of WTI's insurance policies shows that...
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 An analysis of WTI's insurance policies shows that $3,864 of coverage...
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 An analysis of WTI's insurance policies shows that $3,996 of coverage...
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
An analysis of WTI's insurance policies shows that $3,996 of
coverage...
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 An analysis of WTI's insurance policies shows that $2,939 of coverage...
T. Nguyen (Withdrawals), a school owned by Than Nguyen, provides training to individuals who pay tuition directly to the sche Withdrawals also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found balance tab. Withdrawals initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions through h that require adjusting entries on December 31 follow. a. An analysis of Withdrawals's insurance policies shows that $2,950 of coverage has expired. b....
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. Its unadjusted trial balance as of December 31, 2013,
follows. WTI initially records prepaid expenses and unearned
revenues in balance sheet accounts. Descriptions of items a through
h that require adjusting entries on December 31, 2013, follow.
An analysis of WTI's insurance policies shows that $3,864 of coverage has expired....