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Andy's Autobody Shop has the following balances at the beginning of September: Cash, $11,200; Accounts Receivable, $1,100; Equipment, $40,500; Accounts Payable, $2,400; Common Stock,
Andy's Autobody Shop has the following balances at the beginning of September: Cash, $11,200; Accounts Receivable, $1,100; Equipment, $40,500; Accounts Payable, $2,400; Common Stock, $20,000; and Retained Earnings, $30,400. a. Signed a long-term note and received a $100,100 loan from a local bank. b. Billed a customer $2,500 for repair services just completed. Payment is expected in 45 days. c. Wrote a check for $730 of rent for the current month. d. Received $480 cash on account from a customer for work done last month. e. The company incurred $400 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 journal entries for the above transactions, which occurred during a recent month. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
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