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Andy's Autobody Shop has the following balances at the beginning of September: Cash, $9,600; Accounts Recelvab Equipment, $33,500; Accounts Payable, $2,600; Common Stock, $20,000; and
Andy's Autobody Shop has the following balances at the beginning of September: Cash, $9,600; Accounts Recelvab Equipment, \$33,500; Accounts Payable, \$2,600; Common Stock, $20,000; and Retained Earnings, $21,700. a. Signed a long-term note and received a $75,300 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 $840 of rent for the current month. d. Recelved $470 cash on account from a customer for work done last month. e. The company incurred $360 in advertising costs for the current month and is planning to pay these costs next m 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 eamings. 4. Prepare a classified balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. Prepare an income statement. Prepare a statement of retained earnings. If there are no dividends, inclu 5 points Prev 2 of 6 "E
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