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July 3 Jake provides lawn services to Luke's repair shop on account, $460. July 6 One of Jake's mowers malfunctions. Luke provides repair services to
July 3 | Jake provides lawn services to Luke's repair shop on account, $460. |
July 6 | One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, $410. |
July 9 | Luke pays $460 to Jake for lawn services provided on July 3. |
July 14 | Luke borrows $560 from Jake by signing a note. |
July 18 | Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $100. |
July 20 | Jake pays $410 to Luke for services provided on July 6. |
July 27 | Luke performs repair services for other customers for cash, $760. |
July 30 | Luke pays employee salaries for the month, $260. |
Luke pays $560 to Jake for money borrowed on July 14. Make a journal entry with the above listed info Using the format shown below, enter the impact of each transaction on the accounting equation for each company.
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