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Using the information given below, answer net 20 questions Rainmaker Environmental Consultants is just finithing is seconf year of operations. The Company's unadjusted Trial Balance is as follows Rainmaker Environmental Consultants Unadjusted Trial Balance October 31, 2020 Acct. No. Account Debit Credit 101 Cash. $ 26,000 106 Accounts receivable 61,000 109 Interest receivable 0 111 Notes receivable. 50,000 126 Supplies... 5,300 128 Prepaid insurance 3.400 13L Prepaid rent. 27.000 161 Office furniture 84.000 162 Accumulated depreciation office furniture $ 25,000 201 Accounts payable.. 18.000 210 Wages payable... -0. 233 Unearned consulting revenue. 26.000 301 Jeff Moore, capital.. 223.000 302 Jeff Moore, withdrawals.. 28.000 401 Consulting revenue. 232,020 409 Interest income.. 480 601 Depreciation expense, office furniture. 0 622 Wages expense... 192.000 Insurance expense. -0- 640 Rent expense. 44,000 650 Supplies expense 0.500 Totals S527,500 $527.500 637 *** Rainmaker prepares adjsutments each October 31. The following additonal information is available on October 31, 2020. 1. It was determined that $ 12,000 of unearned consulting revenue had not yet been earned. 2. It was discovered that $ 14,000 of the balance in Consulting Revenue Account was for Services to be performed in November. 3. The Balance in Prepaid Rent Account Represents 3 months of rent beginning September 1, 2020. 4. Accrued Wages at October 31 totals 56,800. 5. The office Furniture was purchased on March 1, 2019 and has an estimaced useful life of two years. After two years furniture will be worthless. Rainmaker uses Straight Line Method for calcualting depreciation. (Depreciation under SLM = (Cost-Residual Valuey Useful Life) 5. Accrued Consulting Revenue at the year end totalled S 4200 7. Interest of 5 85 had accrued on the note receivable forthe month of October 8. The Balance in prepaid Insurance account represents the remaining balance of two year policy purchased on April 1. 2019. 9. A count of supplies on october 31, revealed a balance remaining of $ 620. Depreciation of furniture for year ended October 31st, 2020 would be 28000 56000 O a Ob Od 42000 36000 Question 19 (2 points) Closing balance in Prepaid rent account after adjustmnets would be O a Ob Od 27000 18000 9000 0 (zero) Question 20 (2 points) Balance in unearned revenue Account after adjustments would be OB OS 26.000 14,000 12.000 0 (Zero Od Insurance expense for the year, after adjsutments would be 0 (zero) 1200 Ob Od 2400 3400 Question 22 (2 points) Net impact of adjsutments on cash acocunt is O a Ob Od Increased by $ 5,600 Decreased by $5,600 Difficult to determine the impact Not impacted by adjustments Question 232 points) Tota of credits side of adjusted trial balance would be Oa O OC 517.500 580 585 550.585 57.500 Balance in Non-current assets (after adjsutments) would be Debit 84000 b Credit 28.000 Credit 45.000 Debit 14,000 d Question 25 (2 points) Total expenses (after adjsutments) would be O 5 192.000 1 242 000 5 361 360 S316600 Od Question 26 (2 points) Total wages expenses that would be presented on Financial Statements is 3 192 000 193 000 5 E300 5 135 100 Question 27 points) The balance of Equity that would be shown on Balance sheet (after all adsutments and considering adjsuted profit/Loss) O a Ob oc $ 195,000 $115.105 $223,000 $184.700 Od Question 28 (2 points) Total of Curent Assets before any adjsutments OB e Od $ 146.700 $ 230.700 $ 172.700 $256.700 Question 292 point Total of current Arument would be O Ob e $ 151905 $ 159105 5195105 $159905 Oo Net impact of adjustments on Acounts Payable is + ncreased by 5 6.800 increased by 5 - 200 Can not be determined