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, 2012. Genietal 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 Cah 12.150 Accounts Payable 51.550 Accounts Receivable 3.800 Untamed Photography 2000 Prendent 12.600 Common Stock Prane 2.970 Powered Supplies 250 per 22:00 24.000 M40 11.600 1 Income Statement Contributed Capital OS 0 O Transaction 11) Eeesemed but not received 121 Recognize depreciation expense for one year. 3) Recognize utilities expense (4) Recognite rent expense for one year. (5) Recognite photo revenues 16) Recognize insurance expense (7) Recognize supplies expense (8) Recognize wages expense Tocals Cash Asset 0. O. O. ov 0 O. O. O. O. Balance Sheet Noncash Assets Contra Assets Liabilities 925 - 5 Os O. OV 0 O- 1,910 x 6.300 x O O O 6,300 X- 990 K O. 2.730 O O. O O 11.000 x 10,045 x 2.280 19.210 X Earned Capital 9255 20,520 x 3.420 x 6,300 35.405 990 x 2,730 X 11,000 X 81.290 x Revenue. Expenses - Net Income OX-5 05 O OX- O OX O- OX OX OX 0 OX O OX OX O OX OX OV OX- OX 0 x OX OX O. O. O. O. 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, 2012. Genietal 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 Cah 12.150 Accounts Payable 51.550 Accounts Receivable 3.800 Untamed Photography 2000 Prendent 12.600 Common Stock Prane 2.970 Powered Supplies 250 per 22:00 24.000 M40 11.600 1 Income Statement Contributed Capital OS 0 O Transaction 11) Eeesemed but not received 121 Recognize depreciation expense for one year. 3) Recognize utilities expense (4) Recognite rent expense for one year. (5) Recognite photo revenues 16) Recognize insurance expense (7) Recognize supplies expense (8) Recognize wages expense Tocals Cash Asset 0. O. O. ov 0 O. O. O. O. Balance Sheet Noncash Assets Contra Assets Liabilities 925 - 5 Os O. OV 0 O- 1,910 x 6.300 x O O O 6,300 X- 990 K O. 2.730 O O. O O 11.000 x 10,045 x 2.280 19.210 X Earned Capital 9255 20,520 x 3.420 x 6,300 35.405 990 x 2,730 X 11,000 X 81.290 x Revenue. Expenses - Net Income OX-5 05 O OX- O OX O- OX OX OX 0 OX O OX OX O OX OX OV OX- OX 0 x OX OX O. O. O. O