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Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2023: Cash ARROW HOSPITALITY Trial Balances September 30, 2823 Unadjusted Trial Balance

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Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2023: Cash ARROW HOSPITALITY Trial Balances September 30, 2823 Unadjusted Trial Balance Account Dr. 6,908 Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. 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 12,100 2.658 14,900 31,228 8.900 25,200 68,928 5,900 137,000 148,500 17,858 $ 240,028 $ 240.828 Additional information available for the month ended September 30, 2023: a. Interest of $189 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 $2,900 at the end of its four-year life. c. A count of the Repair Supplies revealed a balance on hand of $790. d. A review of the Prepaid Rent account showed that $10,000 had been used during September. e. Accrued wages of $3,250 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 $7,100 were not recorded at September 30. Required: 1. Complete the adjusted trial balance by including the adjusting entries. ARROW HOSPITALITY Trial Balances September 30, 2023 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Debit Credit Debit Credit Debit Credit Cash S 6,900 Accounts receivable 12,100 Repair supplies 2,650 Prepaid rent 14,900 Office furniture 31,220 Accounts payable 8,900 Notes payable 25,200 li Arrow, capital 68,928 Eli Arrow, withdrawals 5,900 Hospitality revenues 137,000 Salaries expense 148,500 Wages expense 17,858 Totals 240,028 $ 240,028 Interest expense Interest payable Depreciation expense, office furniture Accumulated depreciation, office furniture Repair supplies expense Rent expense Wages payable Internet expense Totals 0 $ 0 $ 0 S 2-a. Prepare an income statement based on the adjusted trial balance completed in Part 1. Revenues: Operating expenses: ARROW HOSPITALITY Income Statement For Month Ended September 30, 2023 Total operating expenses 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 $4,500. ARROW HOSPITALITY Statement of Changes In Equity For Month Ended September 30, 2023 Eli Arrow, capital, September Total Eli Arrow, capital, September 30 S 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. ARROW HOSPITALITY Balance Sheet September 30, 2023 Assets Total Assets Liabilities Total Liabilities Total Liabilities and Equity S Equity S

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