1. Using the format presented in Problem 3-11 A, complete the adjusted trial balance by including the adjusting entries prepared in Problem 3-11 A.

2. Prepare an income statement, a statement of changes in equity and a balance sheet based on the-adjusted trial balance completed in Part 1. Assume that the owner, F.li Arrow, made an investment during September of $3,600.
Analysis Component: Assume that total assets reported at August 31, 2014, were $76,900. Determine what total liabilities and equity were on that date and comment on the change in the financial position from August to September.

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Arrow Hospitality Trial Balances.xls P18 Arrow Hospitality Trial Balances September 30, 2014 Unadjusted Trial Balance Dr. Adjustments Dr. Adjusted Trial Balance Account Cr. Cr. Dr. Cr. 7 Cash 8 Accounts receivable 9 Repair supplies 10 Prepaid rent 11 Office furniture 2 Accounts payable 13 Notes payable 14 Eli Arrow, capital 15 Eli Arrow, withdrawals 16 Hospitality revenues 17 Salaries expense 18 Wages expense 19 Totals 5 6,000 11,200 2,200 14,000 26,000 5 8,000 21,600 67,758 5,000 128,000 144,000 16,958 225,358 225,358