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Not sure why my answer for the accounts is wrong? Here's the question: Here is the feedback when I check my answer: Jake owns a
Not sure why my answer for the accounts is wrong? Here's the question:Here is the feedback when I check my answer:
Jake owns a lawn maintenance company, and Luke owns a machine repalr shop. For the month of July, the following transactions occurred. July 3 Jake provides lawn services to Luke's repalr shop on account, $480. July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, $430. July 9 Luke pays $480 to Jake for lawn services provided on July 3 July 14 Luke borrows $580 from Jake by signing a note July 18 Jake purchases advertising in a local newspaper for the remalnder of July and pays cash, $120. July 20 Jake pays $430 to Luke for services provided on July 6 July 27 Luke performs repalr services for other customers for cash, $780 July 30 Luke pays employee salarles for the month, $280. July 31 Luke pays $580 to Jake for money borrowed on July 14 4 value Required information 3.33 points Required 1. Record each transaction for Luke's Repair Shop. (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 4 6 8 Record the service revenue on account. Note: Enter debits before credits. Date General Journal Debit Credit July 06Repairs and maintenance expense Accounts payable 430 430 account field.) Answer is complete but not entirely correct. No Date General Journal Debit Credit July 03 Accounts receivable 480 Service revenue 480 July 06 Repairs and maintenance expense 430 Accounts payable 430 July 09 Cash 480 Accounts receivable 480 July 14 Cash 580 Notes payable 580 July 18 Advertising expense 120 Cash 120 July 20 Accounts payable 430 Cash 430 July 27 Cash 780 Service revenue 780 July 30 Salaries expense 280 Cash 280 July 31 Notes payable 580 Cash 580Step by Step Solution
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