December 31, 2008Exercise 5-2 General JournalDate Account Titles Debit CreditNotes:Prepaid Insurance Office SuppliesBal. Bal. 6,000 Beg. Bal. 700Purch. 3,480Exercise 5-3 General JournalDate Account Titles Debit CreditNotes:Prepaid Insurance Office Supplies*Beg. Bal. 4,000 Beg. Bal. 240Purch. 5,239Exercise 5-4 General JournalDate Account Titles Debit CreditProblem 5-2A Parts 1 and 2Cash EquipmentBal.34,000Bal.80,000Accounts ReceivableAccumulated Depreciation—EquipmentBal.0 Bal.15,000Teaching Supplies Accounts PayableBal.8,000Bal.38,500Salaries Payable Bal.0Prepaid InsuranceBal.12,000Prepaid RentBal.3,000T. Wells, CapitalBal.90,000Professional LibraryBal.35,000 T. Wells, WithdrawalsBal.50,000Accumulated Depreciation—Professional LibraryBal.10,000Problem 5-2A (Continued)Tuition Fees Earned Rent ExpenseUnadj. Bal.123,900Unadj. Bal.33,000Training Fees Earned Teaching Supplies ExpenseUnadj. Bal.40,000Unadj. Bal.0Depreciation Expense—Professional Library Advertising ExpenseUnadj. Bal.0Bal.6,000Depreciation Expense—Equipment Utilities ExpenseUnadj. Bal.0Bal.6,400Salaries ExpenseUnadj. Bal.50,000Insurance ExpenseUnadj. Bal.0Problem 5-2A (Continued) Part 2General JournalDate Account Titles Debit CreditPart 3WELLS TECHNICAL INSTITUTEAdjusted Trial BalanceDecember 31, 2008Debit CreditCash....................................................................Accounts receivable..........................................Teaching supplies .............................................Prepaid insurance.............................................Prepaid rent........................................................Professional library...........................................Accumulated depreciation—Professional library..................................................................Equipment..........................................................Accumulated depreciation—Equipment..........Accounts payable..............................................Salaries payable................................................T. Wells, Capital..................................................T. Wells, Withdrawals........................................Tuition fees earned............................................Training fees earned..........................................Depreciation expense—Professional library. .Depreciation expense—Equipment.................Salaries expense ..............................................Insurance expense............................................Rent expense.....................................................Teaching supplies expense..............................Advertising expense.........................................Utilities
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