problem $3-10$a raiinmaker income statement

1.Set up balance coloumn account for Rainmaker Environment Consultants and enter the balance listed in the unadjusted trial balance.

2.Complete the following T- Account with tge adjusting entries for October 31,2023.

3.prepare adjusted trial balance.

4. use the adjusted trial balance to prepare an income statement.

5.use tge adjusted trial balance to prepare a statement of changes in equity.

6. Assume that the owner , jeff moore, made no investments during the year

   

Problem 3-10A Posting, adjusted trial balance, and preparing financial statements LO6, 7 Rainmaker Environmental Consultants is just finishing its second year of operations. The company's unadjusted trial balance at October 31, 2023, follows: Acct.No. 101 Cash 106 Accounts receivable RAINMAKER ENVIRONMENTAL CONSULTANTS Unadjusted Trial Balance October 31, 2023 Account Debit Credit $ 26,300 64,000 109 Interest receivable 0 111 Notes receivable 53,000 126 Supplies 5,600 128 Prepaid insurance 3,910 131 Prepaid rent 27,900 161 Office furniture 87,000 162 Accumulated depreciation, office furniture $ 29,500 201 Accounts payable 18,300 210 Wages payable 233 Unearned consulting revenue 301 Jeff Moore, capital 26,600 233,680 302 Jeff Moore, withdrawals 28,300 401 Consulting revenue 409 Interest income 235,020 510 601 Depreciation expense, office furniture 622 Wages expense 195,000 637 Insurance expense 640 Rent expense 45,500 650 Supplies expense 7,100 Totals $543,610 $543,610