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Arrow Hospitality prepares adjustments monthly and showed the following at September 3 0 , 2 0 2 3 : ARROW HOSPITALITY Trial Balances September 3

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 $ 5,500
Accounts receivable 10,700
Repair supplies 1,950
Prepaid rent 13,500
Office furniture 23,100
Accounts payable $ 7,500
Notes payable 19,600
Eli Arrow, capital 67,108
Eli Arrow, withdrawals 4,500
Hospitality revenues 123,000
Salaries expense 141,500
Wages expense 16,458
Totals $ 217,208 $ 217,208
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 $3,100.
\table[[AKKUVV TUSPIIALIIY],[Trial Balances],[September 30,2023],[,Unadjusted,,,Adjusted],[,Trial Balance,Adjustments,Trial Balance],[Account,Debit,Credit,Debit,Credit,Debit,Credit],[Cash,5,500,],[Accounts receivable,10,700,,,,,],[Repair supplies,1,950,,,,,],[Prepaid rent,13,500,,,,,],[Office furniture,23,100,,,,,],[Accounts payable,,7,500,,,,],[Notes payable,,19,600,,,,],[Eli Arrow, capital,,67,108,,,,],[Eli Arrow, withdrawals,4,500,,,,,],[Hospitality revenues,,123,000,,,,],[Salaries expense,141,500,,,,,],[Wages expense,16,458,,,,,],[Totals,$217,208,$217,208,,,,],[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 1.2-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 $3,100.
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