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Andy's Autobody Shop has the following balances at the beginning of September Cash, $9,000; Accounts Recelvable, $1,300 Equipment, $34,200, Accounts Payable, $2,500; Common Stock, $20,000;
Andy's Autobody Shop has the following balances at the beginning of September Cash, $9,000; Accounts Recelvable, $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 recelved 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 Recelved $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. s 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 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) Prev 1 of 12 Next 20 3 4 7 8 9
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