Question
Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: ARROW HOSPITALITY Trial Balances September 30, 2020 Unadjusted Trial Balance Adjustments Cr.
Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: ARROW HOSPITALITY Trial Balances September 30, 2020 Unadjusted Trial Balance Adjustments Cr. Dr. Cr. Dr. Adjusted Trial Balance Cr. Account Dr. Cash $ 5,400 Accounts receivable 10,600 7:46 Repair supplies 1,900 Prepaid rent 13,400 Office furniture 22,520 Accounts payable $ 7,400 Notes payable 19,200 Eli Arrow, capital 66,978 Eli Arrow, withdrawals 4,400. Hospitality revenues 122,000 Salaries expense 141,000 Wages expense 16,358 Totals $ 215,578 $ 215,578 Additional information available for the month ended September 30, 2020: a. Interest of $144 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 $1,400 at the end of its four-year life. c. A count of the Repair Supplies revealed a balance on hand of $640. d. A review of the Prepaid Rent account showed that $11,000 had been used during September. e. Accrued wages of $2,500 had not been recorded at month-end. f. The September Internet bill for $110 had been received and must be paid by October 14. g. Accrued revenues of $5,600 were not recorded at September 30, Required: Prepare adjusting entries for the month ended September 30, 2020, for each of (a) through (g) above
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