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 $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 An analysis of the firm's records discloses the following. 1. Photography services of $925 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, 2013, has an estimated life of 10 years. 3. Utilities expense for December is estimated to be $400, 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, 2013, for a 2-year lease on the studio 5. In November, customers paid $2,600 cash in advance for photos to be taken for the holiday season. Wher received, these fees were credited to Unearned Photography Fees. By December 31, all of these fees are earned 6. A 3-year insurance premium paid on January 1, 2013, was debited to Prepaid Insurance 7. Supplies available at December 31 are $1,520 8. At December 31, wages expense of $375 has been incurred but not paid or recorded