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Chapter 3 Homework 4 166 Andy's Autobody Shop has the following balances at the beginning of September Cash, $10,000: Accounts Receivable $1450 Equipment, $40,000; Accounts
Chapter 3 Homework 4 166 Andy's Autobody Shop has the following balances at the beginning of September Cash, $10,000: Accounts Receivable $1450 Equipment, $40,000; Accounts Payable, $2.000: Common Stock, $20,000, and Retained Eamings, $29,450 a. Signed a long term note and received a $150,000 loan from a local bank Billed a customer $2,000 for repair services just completed. Payment is expected in 45 days cWrote a check for $600 of rent for the current month d. Received $450 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 Requirement General General Ledger Income Trial Balance Retained Balance Sheet Prepare journal entries for the above transactions, which occurred during a recent month. (If no entry is required for a transaction select "No journal entry required in the first account held Journal entry worksheet 2. Record the signing of a long-term note and receipt of a $150,000 loan from a local bank Enter bi De September 30 General Journal D Cred Check my work
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