SnapShot Company Unadjusted Trial Balance December 31,2010 Debit Credit Cash $2,150 Accounts Receivable 3,800 Prepaid Rent 12,600 Prepaid Insurance 2,970 Supplies 4,250 Equipment 22,800 Accounts payable $1,910 Unearned photo fees 2,600 Common stock 24,000 Photo fees earned 34,480 Wages Expense 11,000 Utilities Expense 3,420 Totals $62,990 $62,990 a. 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. b. Equipment purchased Jan.1,2010 has an estimated life of 10 years. c. Utilities expense for Dec. is estimated to be $400, but the bill will not arrive or be paid until Jan. of next year. d. The balance in Prepaid rent represents the amount paid in Jan.1,2010, for a two year lease on the studio. e. In Nov. customers paid $2,600 cash in advance for photos to be taken for the holiday season. When received these fees were credited to unearned photo fees. By Dec. 31, all of these fees are earned. f. A 3-year insurance premium paid on Jan.1 2010 was debited to Prepaid insurance. g. Supplies available at Dec. 31 are $1,520 h. At Dec.31, wages expense of $375 has been incurred but not paid or recorded. 1. Set up T-accounts, enter the balances above and post the adjusting entries to them