Arrow Hospitality prepares adjustments monthly and

showed the following at #4309

Arrow Hospitality prepares adjustments monthly and showed the following at September 30,
2014:Additional information available for the month ended September 30, 2014:a. Interest of
$162 had accrued on the notes payable for the month of September.b. The office furniture was
acquired on September 1, 2014, and has an estimated four-year life. The furniture will be sold
for about $2,000 at the end of its four-year life.c. A count of the Repair Supplies revealed a
balance on hand of $700.d. A review of the Prepaid Rent account showed that $10,000 had
been used during September.e. Accrued wages of $2,800 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 $6,200 were not recorded at September 30.Required Prepare
adjusting entries for the month ended September 30, 2014, for each of (a) through (g)
above.View Solution:
Arrow Hospitality prepares adjustments monthly and showed the following at

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