Rainmaker Environmental Consultants is just finishing its second year of operations. The company's unadjusted trial balance at October $31,2023,$ follows:

Rainmaker prepares adjustments each October $31.$ The following additional information is available on October $31,2023.$

a$.$ It was determined that $$11,500$ of the unearned consulting revenue had not yet been earned.Rainmaker prepares adjustments each October $31.$ The following additional information is available on October $31,2023.$

a$.$ It was determined that $$11,500$ of the unearned consulting revenue had not yet been earned.

b$.$ It was discovered that $$13,500$ 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 $1,2023.$

d$.$ Accrued wages at October $31$ totalled $$6,300.$

e$.$ The office furniture was purchased on March $1,2022,$ 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 $$3,700.$

g$.$ Interest of $$80$ had accrued on the note receivable for the month of October.

h$.$ The balance in the Prepaid Insurance accoumt represents the remaining balance of a two$-$year policy purchased on April $1,2022.$

i$.$ A count of the supplies on October $31$ revealed a balance remaining of $$570.$

Assume Rainmaker Environmental uses the straight$-$line method to depreciate its assets.

Required:

Prepare the annual adjusting journal entries for October $31,2023,$ based on the above.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

Record the earned consulting revenue.Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

Record the Uneamed consulting revenue, which was incorrectly recorded earlier as eamed.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Joumal,Debit,Credit$],[$Oct $31,2023,,,],[,,,],[,,,],[,,,]]$

Record entry

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