Answer Happy

Rainmaker Environmental Consultants is just finishing its second
year of operations. The company’s unadjusted trial balance at
October 31, 2020, follows:
Rainmaker prepares adjustments each October 31. The following
additional information is available on October 31, 2020.
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.)
2. Complete the following T-Account with the
adjusting entries for October 31, 2020.
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.)