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Arrow Hospitality prepares adjustments monthly and showed the following at September 3 0 , 2 0 2 3 : ARROW HOSPITALITYTrial BalancesSeptember 3 0 ,

Arrow Hospitality prepares adjustments monthly and showed the following at September 30,2023: ARROW HOSPITALITYTrial BalancesSeptember 30,2023 Unadjusted Adjusted Trial Balance Adjustments Trial BalanceAccount Dr. Cr. Dr.Cr. Dr.Cr.Cash$5,400 Accounts receivable 10,600 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 30,2023: Interest of $144 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 $1,400 at the end of its four-year life.A count of the Repair Supplies revealed a balance on hand of $640.A review of the Prepaid Rent account showed that $11,000 had been used during September.Accrued wages of $2,500 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 $5,600 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 $3,000.2-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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