246 Problem 3-9A Adjusting entries (annual) LO4 Rainmaker Environmental Consultants is just finishing its second year of operations. The c unadjusted trial balance at October 31, 2023, follows Rainmaker prepares adjustments each October 31. The following additional information is av October 31, 2023. a. It was determined that $12,000 of the uneamed consulting revenue had not yet been earned. b. It was discovered that $14,000 of the balance in the Consulting Revenue account was for serv performed in November. c. The balance in the Prepaid Rent account represents three months of rent beginning September d. Accrued wages at October 31 totalled $6,800. e. The office furniture was purchased on March 1, 2022, and has an estimated useful life of two two years of use, it is expected that the furniture will be worthless. f. Accrued consulting revenue at year-end totalled $4,200. g. Interest of $85 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 purchased on April 1, 2022. 1. A count of the supplies on October 31 revealed a balance remaining of $620. Rainmaker Environmental uses the straight-line method to depreciate its assets. above. Assu Problem 3-10A Posting, adjusted trial balance, and preparing financial statements LO6,7 CHECK FIGURES: 3. Adjusted trial balance, debits $580,585; 4. Loss - $79,895 = Required Using the information in Problem 3-9A, complete the following: 1. Set up balance column accounts for Rainmaker Environmental Consultants and enter the balances in the unadjusted trial balance. 2. Post the adjusting entries prepared in Problem 3-9A to the accounts. 3. Prepare an adjusted trial balance. 4. Use the adjusted trial balance to prepare an income statement, a statement of changes in equ balance sheet. Assume that the owner, Jeff Moore, made no owner investments during the year. Analysis Component: Assume that total revenues and expenses reported for the year ended O 2022, were $189,000 and $157,600, respectively. Compare the business's financial performance fe ended October 31, 2022 and 2023. Note: For Part 1, your instructor may ask you to set up T-accounts instead of balance column ac solution is available in both formats.