Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2014: Additional information available for
Question:
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.
Step by Step Answer:
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen