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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 :
ARROW HOSPITALITY
Trial Balances
September
Unadjusted Adjusted
Trial Balance Adjustments Trial Balance
Account Dr Cr Dr Cr Dr Cr
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 $ $
Additional information available for the month ended September :
a Interest of $ had accrued on the notes payable for the month of September.
b The office furniture was acquired on September and has an estimated fouryear life. The furniture will be sold for about $ at the end of its fouryear life.
c A count of the Repair Supplies revealed a balance on hand of $
d A review of the Prepaid Rent account showed that $ had been used during September.
e Accrued wages of $ had not been recorded at monthend.
f The September Internet bill for $ had been received and must be paid by October
g Accrued revenues of $ were not recorded at September
Required:
Complete the adjusted trial balance by including the adjusting entries.
a Prepare an income statement based on the adjusted trial balance completed in Part
b Prepare a statement of changes in equity based on the adjusted trial balance completed in Part Assume that the owner, Eli Arrow, made an investment during September of $
c Prepare a balance sheet based on the adjusted trial balance completed in Part Assume that the owner, Eli Arrow, made an investment during September of $
tableAKKUVV TUSPIIALIIYTrial BalancesSeptember Unadjusted,,,AdjustedTrial Balance,Adjustments,Trial BalanceAccountDebit,Credit,Debit,Credit,Debit,CreditCashAccounts receivable,Repair supplies,Prepaid rent,Office furniture,Accounts payable,,Notes payable,,Eli Arrow, capital,,Eli Arrow, withdrawals,Hospitality revenues,,Salaries expense,Wages expense,Totals$$Interest expenseInterest payableDepreciation expense, office furnitureAccumulated depreciation, office furnitureRepair supplies expenseRent expenseWages payableInternet expenseTotalsa Prepare an income statement based on the adjusted trial balance completed in Part b Prepare a statement of changes in equity based on the adjusted trial balance completed in Part Assume that the owner, Eli
Arrow, made an investment during September of $c Prepare a balance sheet based on the adjusted trial balance completed in Part Assume that the owner, Eli Arrow, made an
investment during September of $
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