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.

$ 2,150 $ 1,910 Accounts payable.... Unearned photography fees. Common stock...... Photography fees earned. Cash.... Accounts receivable. ......... .... 2,600 3,800 12,600 Prepaid rent Prepaid insurance. Supplies... Equipment 24,000 34,480 11,000 .... 2,970 4,250 Wages expense 22,800 .... Utilities expense. 3,420