Arrow Hospitality prepares adjustments monthly and showed the following at September $30,2023$:

ARROW HOSPITALITY

Trial Balances

September $30,2023$

Unadjusted Adjusted

Trial Balance Adjustments Trial Balance

Account Dr$.$ Cr$.$ Dr$.$ Cr$.$ Dr$.$ Cr$.$

Cash $ $7,000$

Accounts receivable $12,200$

Repair supplies $2,700$

Prepaid rent $15,000$

Office furniture $31,800$

Accounts payable $ $9,000$

Notes payable $25,600$

Eli Arrow, capital $69,058$

Eli Arrow, withdrawals $6,000$

Hospitality revenues $138,000$

Salaries expense $149,000$

Wages expense $17,958$

Totals $ $241,658$ $ $241,658$

Additional information available for the month ended September $30,2023$:

Interest of $$192$ had accrued on the notes payable for the month of September.

The office furniture was acquired on September $1,2023,$ and has an estimated four$-$year life. The furniture will be sold for about $$3,000$ at the end of its four$-$year life.

A count of the Repair Supplies revealed a balance on hand of $$800.$

A review of the Prepaid Rent account showed that $$11,000$ had been used during September.

Accrued wages of $$3,300$ had not been recorded at month$-$end.

The September Internet bill for $$110$ had been received and must be paid by October $14.$

Accrued revenues of $$7,200$ 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 $$4,600.$

$2-$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 $$4,600.$

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