Wellness Hospitality prepares adjustments monthly and showed the following at September 30, 2014: Wellness Hospitality Unadjusted...

 

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Wellness Hospitality prepares adjustments monthly and showed the following at September 30, 2014: Wellness Hospitality Unadjusted Trial Balance September 30, 2014 Acct. No. Account Debit Credit 101 Cash 8,000 106 Accounts receivable. 11,200 109 Repair Supplies.... 2,200 111 Prepaid rent 14,000 126 Office furniture. 24,000 201 Accounts payable.. 8,000 210 Notes payable.. 21,600 301 John Moore, capital. 67,758 302 John Moore, withdrawals... 5,000 401 Hospitality Revenues.... 128,000 522 Salaries expense.. 144,000 537 Wages expense.. Totals 16,958 $225,358 $225.358 The following additional information is 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. 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 a) Prepare adjusting entries for the month ended September 30, 2014, based on the above. b) Complete the adjusted trial balance showing the Income Statement, Equity Statement and Balance Sheet. Wellness Hospitality prepares adjustments monthly and showed the following at September 30, 2014: Wellness Hospitality Unadjusted Trial Balance September 30, 2014 Acct. No. Account Debit Credit 101 Cash 8,000 106 Accounts receivable. 11,200 109 Repair Supplies.... 2,200 111 Prepaid rent 14,000 126 Office furniture. 24,000 201 Accounts payable.. 8,000 210 Notes payable.. 21,600 301 John Moore, capital. 67,758 302 John Moore, withdrawals... 5,000 401 Hospitality Revenues.... 128,000 522 Salaries expense.. 144,000 537 Wages expense.. Totals 16,958 $225,358 $225.358 The following additional information is 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. 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 a) Prepare adjusting entries for the month ended September 30, 2014, based on the above. b) Complete the adjusted trial balance showing the Income Statement, Equity Statement and Balance Sheet.