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Jake owns a lawn maintenance company, and Luke owns a machine repair shop. For the month of July, the following transactions occurred July 3 Jake
Jake owns a lawn maintenance company, and Luke owns a machine repair shop. For the month of July, the following transactions occurred July 3 Jake provides lawn services to Luke's repair shop on account, $500 July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, $450 July 9 Luke pays $500 to Jake for lawn services provided on July 3. July 14 Luke borrows $600 from Jake by signing a note July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $110 July 20 Jake pays $450 to Luke for services provided on July 6. July 27 Luke performs repair services for other customers for cash, $800 July 30 Luke pays employee salaries for the month, $300 July 31 Luke pays $600 to Jake for money borrowed on July 14 Required: Record the transactions for Jake's Lawn Maintenance Company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 4 6 8 Record the service revenue on account. Note: Enter debits before credits Date General Journal Debit Credit July 03 500 Record entry Clear entry View general journal
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