Rainmaker Environmental Consultants is just finishing its second year of operations The companys unadjusted trial balance at October 31, 2020, follows RAINMAKER ENVIRONMENTAL CONSULTANTS Unadjusted Trial Balance October 31, 2020 Acct No Account Debit Credit101Cash$25,700 106Accounts receivable 62,000 109Interest receivable 0 111Notes receivable 51,000 126Supplies 5,000 128Prepaid insurance 2,890 131Prepaid rent 26,100 161Office furniture 85,000 162Accumulated depreciation, office furniture $26,500 201Accounts payable 17,700 210Wages payable 0 233Unearned consulting revenue 25,400 301Jeff Moore, capital 224,320 302Jeff Moore, withdrawals 27,700 401Consulting revenue 233,020 409Interest income 450 601Depreciation expense, office furniture 0 622Wages expense 193,000 637Insurance expense 0 640Rent expense 42,500 650Supplies expense 6,500 Totals$527,390 $527,390 Rainmaker prepares adjustments each October 31 The following additional information is available on October 31, 2020 It was determined that $11,700 of the unearned consulting revenue had not yet been earned It was discovered that $13,700 of the balance in the Consulting Revenue account was for services to be performed in November The balance in the Prepaid Rent account represents three months of rent beginning September 1, 2020 Accrued wages at October 31 totalled $6,500 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 Accrued consulting revenue at year end totalled $3,900 Interest of $82 had accrued on the note receivable for the month of October The balance in the Prepaid Insurance account represents the remaining balance of a two year policy purchased on April 1, 2019 A count of the supplies on October 31 revealed a balance remaining of $590 Required 1 Set up balance column accounts for Rainmaker Environmental Consultants and enter the balances listed in the unadjusted trial balance (Enter the adjusting values in the order of Transaction i e , a through i ) 3 Prepare an adjusted trial balance 4 a Use the adjusted trial balance to prepare an income statement 4 b Use the adjusted trial balance to prepare a statement of changes in equity Assume that the owner, Jeff Moore, made no owner investments during the year 4 c Use the adjusted trial balance to prepare a balance sheet Assume that the owner, Jeff Moore, made no owner investments during the year (Be sure to list the assets and liabilities in order of their liquidity )

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Rainmaker Environmental Consultants is just finishing its second year of operations. The companys unadjusted trial balance at October 31, 2020, follows: RAINMAKER ENVIRONMENTAL CONSULTANTS Unadjusted

Rainmaker Environmental Consultants is just finishing its second year of operations. The companys unadjusted trial balance at October 31, 2020, follows:

RAINMAKER ENVIRONMENTAL CONSULTANTS Unadjusted Trial Balance October 31, 2020 Acct.No. Account Debit Credit101Cash$25,700 106Accounts receivable 62,000 109Interest receivable 0 111Notes receivable 51,000 126Supplies 5,000 128Prepaid insurance 2,890 131Prepaid rent 26,100 161Office furniture 85,000 162Accumulated depreciation, office furniture $26,500 201Accounts payable 17,700 210Wages payable 0 233Unearned consulting revenue 25,400 301Jeff Moore, capital 224,320 302Jeff Moore, withdrawals 27,700 401Consulting revenue 233,020 409Interest income 450 601Depreciation expense, office furniture 0 622Wages expense 193,000 637Insurance expense 0 640Rent expense 42,500 650Supplies expense 6,500 Totals$527,390 $527,390

Rainmaker prepares adjustments each October 31. The following additional information is available on October 31, 2020.

It was determined that $11,700 of the unearned consulting revenue had not yet been earned.
It was discovered that $13,700 of the balance in the Consulting Revenue account was for services to be performed in November.
The balance in the Prepaid Rent account represents three months of rent beginning September 1, 2020.
Accrued wages at October 31 totalled $6,500.
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.
Accrued consulting revenue at year-end totalled $3,900.
Interest of $82 had accrued on the note receivable for the month of October.
The balance in the Prepaid Insurance account represents the remaining balance of a two-year policy purchased on April 1, 2019.
A count of the supplies on October 31 revealed a balance remaining of $590.

Required: 1. Set up balance column accounts for Rainmaker Environmental Consultants and enter the balances listed in the unadjusted trial balance. (Enter the adjusting values in the order of Transaction i.e., a through i.)

3. Prepare an adjusted trial balance. 4-a. Use the adjusted trial balance to prepare an income statement. 4-b. Use the adjusted trial balance to prepare a statement of changes in equity. Assume that the owner, Jeff Moore, made no owner investments during the year. 4-c. Use the adjusted trial balance to prepare a balance sheet. Assume that the owner, Jeff Moore, made no owner investments during the year. (Be sure to list the assets and liabilities in order of their liquidity.)