Prove that the sum of the debits equals the sum of the credits for Photomake's unadjusted account balances by preparing an unadjusted trial balance as of December 31. UNADJUSTED TRIAL BALANCE

An analysis of the firms records discloses the following items:

1 Photography services of $925 have been rendered, but customers have not yet been billed. The firm uses the account Fees Receivable to reflect amounts due but not yet billed.

2 The equipment, purchased January 1, has an estimated life of 10 years.

3 Utilities expense for December is estimated to be $400 but the bill will not arrive until January of next year.

4 The balance in Prepaid Rent represents the amount paid on January 1, for a 2 year lease on the studio.

5 In November, customers paid $2,600 in advance for pictures to be taken for the holiday season. When received, these fees were credited to Unearned Photography Fees. By December 31, all fees are earned.

6 3 year insurance premium paid on January 1, was debited to Prepaid Insurance

7 Supplies on hand at December 31 are $1,520 8 At December 31, wages expense of $375 has been incurred but not paid.

PHOTOMAKE, Inc. Unadjusted Trial Balance December 31,

Debit Credit

Cash

Accounts receivable

Prepaid rent

Prepaid insurance

Supplies

Equipment

Accounts payable

Unearned photography fees

Common stock

Photography fees earned

Wage expense

Utilities expense

Totals