Andys Autobody Shop has the following balances at the beginning of September: Cash, $9,900; Accounts Receivable, $1,400; Equipment, $34,200; Accounts Payable, $2,700; Common Stock, $20,000; and Retained Earnings, $22,800. Signed a long-term note and received a $83,500 loan from a local bank. Billed a customer $2,100 for repair services just completed. Payment is expected in 45 days. Wrote a check for $860 of rent for the current month. Received $390 cash on account from a customer for work done last month. The company incurred $420 in advertising costs for the current month and is planning to pay these costs next month. Required: Prepare journal entries for the above transactions, which occurred during a recent month.

Prepare a balance sheet at September 30th