Andy's Autobody Shop has the following balances at the beginning of September: Cash, $$10,400$; Accounts Receivable, $$1,200$; Equipment, $$39,300$; Accounts Payable, $$2,500$; Common Stock, $$20,000$; and Retained Earnings, $$28,400.$

a$.$ Signed a long$-$term note and received a $$96,100$ loan from a local bank.

b$.$ Billed a customer $$2,600$ for repair services just completed. Payment is expected in $45$ days.

c$.$ Wrote a check for $$790$ of rent for the current month.

d$.$ Received $$430$ 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.

Required:

Prepare journal entries for the above transactions, which occurred during a recent month.

Prepare an income statement.

Prepare a statement of retained earnings.

Prepare a classified balance sheet.

Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Required $4$

Prepare a classified balance sheet.

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