Preparing an Unadjusted Trial Balance and Adjustments SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2015. General ledger account balances before year-end adjustments follow; no adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash $2,150 Accounts Payable $1,910 Accounts Receivable 3,800 Unearned Photography Fees 2,600 12,600 Common Stock Prepaid Insurance 2,970 Photography Fees Earned 34,480 4,250 Wages Expense 22,800 Utilities Expense Prepaid Rent 24,000 Supplies 11,000 Equipment 3,420
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