2 Rainmaker Environmental Consultants is just finishing its second year of operations. The company's unadjusted trial balance at October 31, 2020, follows: Credit Debat $ 26,700 68,000 0 57.000 6,000 4,590 29.100 93,000 128 RAINMAKER ENVIRONMENTAL CONSULTANTS Unadjusted Trial Balance October 31, 2020 Acct.No. Account 101 Cash 106 Accounts receivable 109 Interest receivable 111 Notes receivable 126 Supplies Prepaid insurance 131 Prepaid rent 161 ortice furniture 162 Accumulated depreciation, office furniture 201 Accounts payable 210 Wages payable 233 Unearned consulting revenue 301 Jett Moore, capital Jett Moore, withdrawals 401 Consulting revenue 409 Interest income 601 Depreciation expense, office furniture 622 Wages expense 637 Insurance expense 640 Rent expense 650 Supplies expense Totals $ 31,000 18,700 0 27,400 250, 420 302 28,700 239,020 550 199,000 0 47,500 7,500 4567,090 6567,090 Rainmaker prepares adjustments each October 31. The following additional information is available on October 31, 2020 a. It was determined that $12,700 of the unearned consulting revenue had not yet been earned b. It was discovered that $14,700 of the balance in the Consulting Revenue account was for services to be performed in November c. The balance in the Prepaid Rent account represents three months of rent beginning September 1 2020. d. Accrued wages at October 31 totalled $7,500. e. The office furniture was purchased on March 1, 2019, and has an estimated useful life of two years. After two years of use, it is expected that the furniture will be worthless. f. Accrued consulting revenue at year-end totalled $4,900 g. Interest of $92 had accrued on the note receivable for the month of October h. The balance in the Prepaid Insurance account represents the remaining balance of a two-year policy purchased on April 1, 2019 I. A count of the supplies on October 31 revealed a balance remaining of $690. Assume Rainmaker Environmental uses the straight line method to depreciate its assets. Required: Prepare the annual adjusting journal entries for October 31, 2020, based on the above. (no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list 1. . c. The balance in the Prepaid Rent account represents three months of rent beginning S d. Accrued wages at October 31 totalled $7,500 e. The office furniture was purchased on March 1, 2019, and has an estimated useful life expected that the furniture will be worthless f. Accrued consulting revenue at year-end totalled $4,900. g. Interest of $92 had accrued on the note receivable for the month of October h. The balance in the Prepaid Insurance account represents the remaining balance of a i. A count of the supplies on October 31 revealed a balance remaining of $690 Assume Rainmaker Environmental uses the straight line method to depreciate its assets Required: Prepare the annual adjusting journal entries for October 31, 2020, based on the above. transaction/event, select "No journal entry required in the first account field.) View transaction list 1 Record the earned consulting revenue. 2 Record the Unearned consulting revenue, which was incorrectly recorded earlier as earned. h 3 Record the expired prepaid rent. 4 Record the accrued wages. 5 Record the depreciation expense. Credit 6 Record the accrued revenue. 7 Record the accrued interest revenue. Note-journal entry has been entered Record entry Clear entry View general journa SC Taw II wpe here to search HI A c b. It was discovered that $14.700 of the balance in the Consulting Revenue account w c. The balance in the Prepaid Rent account represents three months of rent beginnin d. Accrued wages at October 31 totalled $7,500. e. The office furniture was purchased on March 1, 2019. and has an estimated useful expected that the furniture will be worthless. f. Accrued consulting revenue at year-end totalled $4,900. g. Interest of $92 had accrued on the note receivable for the month of October. h. The balance in the Prepaid Insurance account represents the remaining balance o i. A count of the supplies on October 31 revealed a balance remaining of $690. Assume Rainmaker Environmental uses the straight-line method to depreciate its ass Required: Prepare the annual adjusting journal entries for October 31, 2020, based on the abov transaction/event, select "No journal entry required" in the first account field.) View transaction list X incorrectly recorded earlier as earned. 3 Record the expired prepaid rent. 4 Record the accrued wages. 5 Record the depreciation expense. 6 Record the accrued revenue. Credit 7 Record the accrued interest revenue. 8 Record the expired prepaid insurance. 9 Record the use of supplies. Note: - journal entry has been entered Record entry Clear entry View general jou