Jake owns a lawn maintenance company, Jake's Landscaping, while Lucy owns a machine repair shop. Assume that Jake starts the month of July with $1,000 in Cash, $1 in Common Stock and $999 in APIC. 1. Record the journal entry for each transaction from the perspective of Jake's Landscaping. 2. Post the journal entries to T-accounts for Jake's Landscaping. July Transactions: 1. Jake provides lawn services to Lucy's repair shop on account. Jake invoices Lucy for $400. 2. One of Jake's mowers malfunctions. Lucy provides repair services to Jake on account, and Lucy invoices Jake for $350. 3. Jake purchased a new lawn mower for $1,500. He paid for 40% in Cash and the remaining balance using a note payable. 4. Jake issues 100 shares of $0.01 par value common stock to Lucy for cash at $10 per share. 5. Lucy pays $400 to Jake for the lawn services he provided in transaction #1. 6. On July 31st Jake receives his July telephone bill of $40, which he pays in cash. Jake owns a lawn maintenance company, Jake's Landscaping, while Lucy owns a machine repair shop. Assume that Jake starts the month of July with $1,000 in Cash, $1 in Common Stock and $999 in APIC. 1. Record the journal entry for each transaction from the perspective of Jake's Landscaping. 2. Post the journal entries to T-accounts for Jake's Landscaping. July Transactions: 1. Jake provides lawn services to Lucy's repair shop on account. Jake invoices Lucy for $400. 2. One of Jake's mowers malfunctions. Lucy provides repair services to Jake on account, and Lucy invoices Jake for $350. 3. Jake purchased a new lawn mower for $1,500. He paid for 40% in Cash and the remaining balance using a note payable. 4. Jake issues 100 shares of $0.01 par value common stock to Lucy for cash at $10 per share. 5. Lucy pays $400 to Jake for the lawn services he provided in transaction #1. 6. On July 31st Jake receives his July telephone bill of $40, which he pays in cash