\begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ Wages Expense (E) } \\ \hline Beg. Bal. & 99,000 & \\ \hline(1) & 0 & 0 \\ \hline(2) & 0 & 0 \\ \hline(3) & 0 & 0 \\ \hline(4) & 0 & 0 \\ \hline(5) & 0 & 0 \\ \hline(6) & 0 & 0 \\ \hline(7) & 0 & 0 \\ \hline(8) & 0 & 0 \\ \hline Adj. Bal. & 0 & 0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ Utilities Expense (E) } \\ \hline Beg. Bal. & 30,780 & \\ \hline(1) & 0 & 0 \\ \hline(2) & 0 & 0 \\ \hline(3) & 0 & 0 \\ \hline(4) & 0 & 0 \\ \hline(5) & 0 & 0 \\ \hline(6) & 0 & 0 \\ \hline(7) & 0 & 0 \\ \hline(8) & 0 & 0 \\ \hline Adj. Bal. & 0 & 0 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Depreciation Expense- Equip. (E) } \\ \hline Beg. Bal. & 0 & \\ \hline(1) & 0 & 0 \\ \hline(2) & 0 & 0 \\ \hline(3) & 0 & 0 \\ \hline(4) & 0 & 0 \\ \hline(5) & 0 & 0 \\ \hline(6) & 0 & 0 \\ \hline(7) & 0 & 0 \\ \hline(8) & 0 & 0 \\ \hline Adj. Bal. & 0 & 0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ Rent Expense (E) } \\ \hline Beg. Bal. & 0 & \\ \hline(1) & 0 & 0 \\ \hline(2) & 0 & 0 \\ \hline(3) & 0 & 0 \\ \hline(4) & 0 & 0 \\ \hline(5) & 0 & 0 \\ \hline(6) & 0 & 0 \\ \hline(7) & 0 & 0 \\ \hline(8) & 0 & 0 \\ \hline Adj. Bal. & 0 & 0 \\ \hline \end{tabular} 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. An analysis of the firm's records discloses the following. 1. Photography services of $8,325 have been rendered, but customers have not yet paid or been billed. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. 2. Equipment, purchased January 1, 2015, has an estimated life of 10 years. 3. Utilities expense for December is estimated to be $3,600, but the bill will not arrive or be paid until January of next year. 4. The balance in Prepaid Rent represents the amount paid on January 1, 2015, for a 2-year lease on the studio. 5. In November, customers paid $23,400 cash in advance for photos to be taken for the holiday season. When received, these fees were credited to Performance Obligations. By December 31, all of these fees are earned. 6. A 3-year insurance premium paid on January 1, 2015, was debited to Prepaid Insurance. 7. Supplies available at December 31 are $13,680. 8. At December 31, wages expense of $3,375 has been incurred but not paid or recorded. (a) Prove that debits equal credits for SnapShot's unadjusted account balances by preparing its unadjusted trial balance at December 31, 2015 . (b) Prepare its adjusting entries using the financial statement effects template. (c) Prepare its adjusting entries in journal entry form. (d) Set up T-accounts, enter the balances above, and post the adjusting entries to them
