Question: Using the information in Problem 3-9A, complete the following: In problem 3-9A 1. Set up balance column accounts for Rainmaker Environmental Consultants and enter the

Using the information in Problem 3-9A, complete the following:
In problem 3-9A

1. Set up balance column accounts for Rainmaker Environmental Consultants and enter the balances listed 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 equity, and a 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 October 31, 2013, were $189,000 and $157,600, respectively. Compare the business's financial performance for the years ended October 31, 2013 and 2014.

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Parts 1 and 2 The solution to Parts 1and 2 is also done using Taccounts and can be found immediately following thebalance column format Cash Account No 101 Date Explanation PR Debit Credit Balance 201... View full answer

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