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Preparing an Unadjusted Trial Balance SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2013. General
Preparing an Unadjusted Trial Balance SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2013. 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 $4.300 Accounts Payable $3,820 Accounts Receivable 7,600 Unearned Photography Fees 5,200 Prepaid Rent 25,200 Common Stock 48,000 Prepaid Insurance 5,940 Photography Fees Earned 68,960 Supplies 8,500 Wages Expense 22.000 Equipment 45,600 Utilities Expense 6,840 Prove that debits equal credits for Snapshot's unadjusted account balances by preparing its unadjusted trial balance at December 31, 2013. SnapShot Company Unadjusted Trial Balance December 31, 2013 Debit Credit Cash $ Accounts Receivable Prepaid Rent Prepaid Insurance Supplies Equipment Accounts Payable Unearned Photography Fees Common Stock Photography Fees Eamed Wages Expense Utilities Expense Totals $
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