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Linda owns a lawn maintenance company, and Susan owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Linda
Linda owns a lawn maintenance company, and Susan owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Linda provides lawn services to Susans repair shop on account, $400. July 6 One of Lindas mowers malfunctions. Susan provides repair services to Linda on account, $350. July 9 Susan pays $400 to Linda for lawn services provided on July 3. July 14 Susan borrows $500 from Linda by signing a note. July 18 Linda purchases advertising in a local newspaper for the remainder of July and pays cash, $100. July 20 Linda pays $350 to Susan for services provided on July 6. July 27 Susan performs repair services for other customers for cash, $700. July 30 Susan pays employee salaries
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