Rainmaker Environmental Consultants is just finishing its second year of operations. The company's unadjusted trial balance at October 31, 2014, follows:
Rainmaker prepares adjustments each October 31. The following additional information is available on October 31, 2014.
a. It was determined that $12,000 of the unearned consulting fees had not yet been earned.
b. It was discovered that $14,000 of the balance in the Consulting Fees Earned 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, 2014.
d. Accrued wages at October 31 totalled $6,800.
e. The office furniture was purchased on March 1, 2013, 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 fees 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-year policy purchased on April 1, 2013.
i. A count of the supplies on October 31 revealed a balance remaining of $620.
Required
Prepare the annual adjusting journal entries for October 31, 2014. Based on the above.

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Rainmaker Environmental Consultants Unadjusted Trial Balance October 31, 2014 Acct. Credit Debit 26,000 61,000 Account No. 10 Cash 106 Accounts receivable... 109 Interest receivable 126 Supplies 5,300 3,400 128 Prepaid insurance..e 131 Prepaid rent 27,000 84,000 s 28,000 18,000 office furniture 201 Accounts payable 210 Wages payable 233 Unearned consulting fees 301 leff Moore, capitalED 302 leff Moore, withdrawals28,000 401 Consulting fees earned 409 Interest 601 Depreciation expense, office furniture 622 Wages expense.... 637 Insurance expense. 640 Rent expense.44,000 650 Supplies expense 26,000 223,000 232,020 480 192,000 6,800 Totals een $527.500 5527.500