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Andy's Autobody Shop has the following balances at the beginning of September, Cash, $9,800;. Accourits Recelvable, $1,300. Equipment, $44,900, Accounts Payable. $2100; Common Stock, $20,000,
Andy's Autobody Shop has the following balances at the beginning of September, Cash, $9,800;. Accourits Recelvable, $1,300. Equipment, \$44,900, Accounts Payable. \$2100; Common Stock, $20,000, and Petained Eaming5, 533,900 . a. Signed a long-term note and received a $123.800 ioan from a local bank. b. Billed a customer $2300 for repeir services just completed. Poyment is expected in 45 doys. c Wrote a check for $740 of rent for the current month. a. Recelved $360 cash on account from a customer for work done last month. e. The company incurred $350 in advertising cosss for the curfent month and is planning to pay these costs next month. Requlred: 1. Prepore 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 belance sheet Complete this question by entering your answers in the tabs below: Prepare a clansified balance shent
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