Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: Adjustments Adjusted Trial Balance Dr. Cr. Dr. Cr. Account Cash Accounts receivable Repair supplies Prepaid rent Office furniture Accounts payable Notes payable Eli Arrow, capital Eli Arrow, withdrawals Hospitality revenues Salaries expense Wages expense Totals ARROW HOSPITALITY Trial Balances September 30, 2020 Unadjusted Trial Balance Dr. Cr $ 6,000 11,200 2,200 14,000 26,000 $ 8,000 21,600 67,758 5,000 128,000 144,000 16,958 $ 225, 358 $ 225, 358 Additional information available for the month ended September 30, 2020: a. Interest of $162 had accrued on the notes payable for the month of September. b. The office furniture was acquired on September 1, 2020, and has an estimated four-year life. The furniture will be sold for about $2,000 at the end of its four-year life. c. A count of the Repair Supplies revealed a balance on hand of $700. d. A review of the Prepaid Rent account showed that $10,000 had been used during September. e. Accrued wages of $2,800 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 $6,200 were not recorded at September 30. Required: 1. Complete the adjusted trial balance by including the adjusting entries. ARROW HOSPITALITY Trial Balances September 30, 2020 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Debit Credit Account Debit Credit Debit Credit Cash $ 6,000 11,200 Accounts receivable Repair supplies Prepaid rent 2,200 14,000 Office furniture 26,000 $ 8,000 21,600 67,758 5,000 Accounts payable Notes payable Eli Arrow, capital Eli Arrow, withdrawals Hospitality revenues Salaries expense Wages expense Totals 128.000 144.000 16,958 $ 225,358 $ 225,358 Interest expense Interest payable Depreciation expense, office furniture Accumulated depreciation, office furniture Repair supplies expense Rent expense Wages payable Internet expense Totals 2-a. Prepare an income statement based on the adjusted trial balance completed in Part 1. ARROW HOSPITALITY Income Statement For Month Ended September 30, 2020 Revenues Operating expenses: Total operating expenses 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 $3,600. ARROW HOSPITALITY Statement of Changes in Equity For Month Ended September 30, 2020 Eli Arrow, capital, September 1 Total Eli Arrow, capital, September 30 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. ARROW HOSPITALITY Balance Sheet September 30, 2020 Assets Total Assets Liabilities Total Liabilities Equity Total Liabilities and Equity