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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

a$.$An analysis of WTI's insurance policies shows that $$3,468$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$3,006$ are available at year$-$end.

c$.$ Annual depreciation on the equipment is $$13,871.$

d$.$ Annual depreciation on the professional library is $$6,936.$

e$.$ On September $1,$ WTI agreed to do five training courses for a client for $$2,600$ each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $$13,000$ 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 $31,$ $$10,548$ 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. Required:

$1.$ Prepare the necessary adjusting journal entries for items a through h$.$ Assume that adjusting entries are made only at year$-$end.

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