Andys Autobody Shop has the following balances at the beginning of September: Cash, $9,600; Accounts Receivable, $1,200; Equipment, $33,500; Accounts Payable, $2,600; Common Stock, $20,000; and Retained Earnings, $21,700.

1. Signed a long-term note and received a $75,300 loan from a local bank.
2. Billed a customer $2,200 for repair services just completed. Payment is expected in 45 days.
3. Wrote a check for $840 of rent for the current month.
4. Received $470 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.