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GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Brown Technical Institute (BTI), a school dwned by Paul Brown, provides training to individuals who pay tuition directly to the school. BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the trial balance tab. BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8,200. d. Annual depreciation on the professional library is $9,400. e. On September 1, BTI agreed to do five courses for a client for $2,600 each. Two courses will start immediately and finish before

GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Brown Technical Institute (BTI), a school dwned by Paul Brown, provides training to individuals who pay tuition directly to the school. BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the trial balance tab. BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8,200. d. Annual depreciation on the professional library is $9,400. e. On September 1, BTI agreed to do five courses for a client for $2,600 each. Two courses will start immediately and finish before

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Brown Technical Institute (BTI), a school dwned by Paul Brown, provides training to individuals who pay tuition directly to the school. BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the trial balance tab. BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8,200. d. Annual depreciation on the professional library is $9,400. e. On September 1, BTI agreed to do five courses for a client for $2,600 each. Two courses will start immediately and finish before
Transcribed Image Text:GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Brown Technical Institute (BTI), a school dwned by Paul Brown, provides training to individuals who pay tuition directly to the school. BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the trial balance tab. BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8,200. d. Annual depreciation on the professional library is $9,400. e. On September 1, BTI agreed to do five courses for a client for $2,600 each. Two courses will start immediately and finish before
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