Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: Additional information available for

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Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020:

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Additional information available for the month ended September 30, 2020:

a. Interest of $162 had accrued on the notes payable for the month of September.

b. The office furniture was acquired on September 1, 2020, 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, 2020, for each of (a) through (g) above.

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Related Book For  answer-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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