eBook Print ferences Andy's Autobody Shop has the following balances at the beginning of September: Cash, $10,000; Accounts Receivable, $1,450, Equipment, $40,000; Accounts Payable, $2,000; Common Stock, $20,000; and Retained Earnings, $29,450. a. Signed a long-term note and received a $150,000 loan from a local bank. b. Billed a customer $2,000 for repair services just completed. Payment is expected in 45 days. c. Wrote 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. 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.) View transaction list