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Andy's Autobody Shop has the following balances at the beginning of September: Cash, $10,400; Accounts...

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Accounting

Andy's Autobody Shop has the following balances at the beginning of September: Cash, $10,400; Accounts Receivable, $1,200; Equipment, $39,300; Accounts Payable, $2,500; Common Stock, $20,000; and Retained Earnings, $28,400.
a. Signed a long-term note and received a $96,100 loan from a local bank.
b. Billed a customer $2,600 for repair services just completed. Payment is expected in 45 days.
c. Wrote a check for $790 of rent for the current month.
d. Received $430 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:
Prepare journal entries for the above transactions, which occurred during a recent month.
Prepare an income statement.
Prepare a statement of retained earnings.
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 an income statement.
\table[[ANDY'S AUTOBODY SHOP],[,],[,],[,],[,],[,],[,],[,],[,],[,]]
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