1. Adjusted Trial Balance:
ARROW HOSPITALITY
Adjusted Trial Balance
September 30, 2023
Account
Cash
Accounts receivable
Repair supplies
Prepaid rent
Office furniture
Accounts payable
Notes payable
Eli Arrow, capital
Eli Arrow, withdrawals
Hospitality revenues
Salaries expense
Wages expense
Interest expense
Internet expense
Totals
Trial Balance
Dr.
$ 6,500
11,700
2,450
14,500
28,900
Cr.
$ 8,500
23,600
68,408
133,000
5,500
146,500
17,458
$ 233,508 $ 233,508
Adjustments
Dr.
177
750
12,000
3,050
120
6,700
Cr.
$ 177
$ 750
$ 12,000
$ 3,050
$ 120
$ 6,700
Adjusted Trial Balance
Dr.
$ 6,677
12,450
3,200
2,500
28,900
Cr.
$ 8,500
24,300
68,408
133,000
5,500
146,500
17,458
$ 233,508 $ 233,508
2. Income Statement:
ARROW HOSPITALITY
Income Statement
For the Month Ended September 30, 2023
Hospitality revenues
Salaries expense
Wages expense
Interest expense
Internet expense
Total expenses
Net income
$ 153,108
14,200
3,050
177
120
17,547
$ 135,561
3. The balance sheet cannot be prepared without additional information about Arrow Hospitality's assets and liabilities.