Andy’s Autobody Shop has the following balances at the beginning of September: Cash, $10,200; Accounts Receivable,...

Andy’s Autobody Shop has the following balances at the beginning of September: Cash, $10,200; Accounts Receivable, $1,400; Equipment, $36,800; Accounts Payable, $2,500; Common Stock, $20,000; and Retained Earnings, $25,900. Signed a long-term note and received a $91,800 loan from a local bank. Billed a customer $2,300 for repair services just completed. Payment is expected in 45 days. Wrote a check for $810 of rent for the current month. Received $390 cash on account from a customer for work done last month. The company incurred $430 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.

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