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Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2023: Additional information available for the month ended September 30, 2023: a. Interest
Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2023: Additional information available for the month ended September 30, 2023: a. Interest of $147 had accrued on the notes payable for the month of September. b. The office furniture was acquired on September 1, 2023, and has an estimated four-year life. The furniture will be sold for about $1,500 at the end of its four-year life. c. A count of the Repair Supplies revealed a balance on hand of $650. d. A review of the Prepaid Rent account showed that $10,000 had been used during September. e. Accrued wages of $2,550 had not been recorded at month-end. f. The September Internet bill for $100 had been received and must be paid by October 14. g. Accrued revenues of $5,700 were not recorded at September 30 . Required: 1. Complete the adjusted trial balance by including the adjusting entries. 2-a. Prepare an income statement based on the adjusted trial balance completed in Part 1. 2-b. Prepare a statement of changes in equity based on the adjusted trial balance completed in Part 1. Assume that the owner, Eli Arrow, made an investment during September of $3,100. 2-c. Prepare a balance sheet based on the adjusted trial balance completed in Part 1. Assume that the owner, Eli Arrow, made an investment during September of $3,600
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