Chapter 3 Homework 6 1.27 points 02:12:29 eBook Andy's Autobody Shop has the following balances at the beginning of September: Cash, $9,500; Accounts Receivable, $1,200; Equipment, $36,500; Accounts Payable, $2,400; Common Stock, $20,000; and Retained Earnings, $24,800. a. Signed a long-term note and received a $72,300 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. Received $510 cash on account from a customer for work done last month. e. The company Incurred $320 In advertising costs for the current month and is planning to pay these costs next month. 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 a classified balance sheet. ANDY'S AUTOBODY SHOP Balance Sheet At September 30 Assets Current Assets Cash Accounts Receivable Total Current Assets Equipment 0 S 0 0 0 0 S 0 < Required 3 Required 4 > Saved