Andy's Autobody Shop has the following balances at the beginning of September: Cash, $9,000; Accounts Receivable, $1,300; Equipment, $34,200; Accounts Payable, $2,500; Common Stock, $20,000; and Retained Earnings, $22,000. a. Signed a long-term note and received a $79,300 loan from a local bank. b. Billed a customer $2,200 for repair services just completed. Payment is expected in 45 days. c. Wrote a check for $810 of rent for the current month. d. Received $430 cash on account from a customer for work done last month. e. The company incurred $380 in advertising costs for the current month and is planning to pay these costs next month. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Use the drop-down to select the accounts properly included on the income statement. ANDY'S AUTOBODY SHOP Income Statement For the month ended September 30 $ 0 0 0 0 Andy's Autobody Shop has the following balances at the beginning of September: Cash, $9,000; Accounts Receivable, $1,300; Equipment, $34,200; Accounts Payable, $2,500; Common Stock, $20,000; and Retained Earnings, $22,000. a. Signed a long-term note and received a $79,300 loan from a local bank. b. Billed a customer $2,200 for repair services just completed. Payment is expected in 45 days. c. Wrote a check for $810 of rent for the current month. d. Received $430 cash on account from a customer for work done last month. e. The company incurred $380 in advertising costs for the current month and is planning to pay these costs next month. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Prepare a statement of retained earnings. ANDY'S AUTOBODY SHOP Statement of Retained Earnings For the month ended September 30 Retained Earnings, Sept. 1 Retained Earnings, Sept. 30 Andy's Autobody Shop has the following balances at the beginning of September: Cash, $9,000; Accounts Receivable, $1,300; Equipment, $34,200; Accounts Payable, $2,500; Common Stock, $20,000; and Retained Earnings, $22,000. a. Signed a long-term note and received a $79,300 loan from a local bank. b. Billed a customer $2,200 for repair services just completed. Payment is expected in 45 days. c. Wrote a check for $810 of rent for the current month. d. Received $430 cash on account from a customer for work done last month. e. The company incurred $380 in advertising costs for the current month and is planning to pay these costs next month. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Use the dropdowns to select the accounts properly included on the balance sheet. You will need to determine and enter the balance in the common stock and retained earnings accounts. ANDY'S AUTOBODY SHOP Balance Sheet At September 30 0 0 0 0 ol Andy's Autobody Shop has the following balances at the beginning of September: Cash, $10,800; Accounts Receivable, $1,300; Equipment, $39,600; Accounts Payable, $2,200; Common Stock, $20,000; and Retained Earnings, $29,500. a. Signed a long-term note and received a $143,300 loan from a local bank. b. Billed a customer $2,000 for repair services just completed. Payment is expected in 45 days. c. Wrote a check for $650 of rent for the current month. d. Received $390 cash on account from a customer for work done last month. e. The company incurred $420 in advertising costs for the current month and is planning to pay these costs next month. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Prepare an income statement. 3. Prepare a statement of retained earnings. 4. Prepare a classified balance sheet. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a classified balance sheet. ANDY'S AUTOBODY SHOP Balance Sheet At September 30 Assets Current Assets Cash 144,340 Accounts Receivable Total Current Assets 144,340 Equipment 39,600 Total Assets 183,940 Liabilities Current Liabilities Accounts Payable Notes Payable (long-term) Total Liabilities Common Stock Retained Earnings $ 2,620 x 143,300 X 145,920 x 20.000 x 165,920 0 $ 165,920 Cintu is a large marketer and distributor of food service products serving restaurants, hotels, schools, hospitals, and other institutio The following transactions are typical of those that occurred in a recent year, but the amounts are simplified. a. Borrowed $89,000 from a bank, signing a short-term note payable. b. Provided $101,000 in service to customers, with $96,000 on account and the rest received in cash. c. Purchased equipment for $169,000 in cash. d. Incurred and paid employee wages of $2,650. e. Received $560 on account from a customer. f. Incurred and paid $5,300 cash for travel costs during the year. g. Paid $10,000 cash on accounts payable. h. Incurred $22,200 in utility expenses during the year, of which $17,200 was paid in cash and the rest owed on account. Required: 1. For each of the above transactions, prepare accrual basis journal entries. 2. Calculate the company's preliminary net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the company's preliminary net income. Preliminary Net Income