Andys Autobody Shop has the following balances at the beginning of September: Cash, $10,200; Accounts Receivable, $1,300; Equipment, $40,500; Accounts Payable, $2,200; Common Stock, $20,000; and Retained Earnings, $29,800.

1. Signed a long-term note and received a $103,600 loan from a local bank.
2. Billed a customer $2,400 for repair services just completed. Payment is expected in 45 days.
3. Wrote a check for $720 of rent for the current month.
4. Received $360 cash on account from a customer for work done last month.
5. The company incurred $360 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.