Required information Problem 2-5A (Algo) Analyze the impact of transactions on the accounting equation and record transactions (LO2-2, 2-4) Skip to question [The following information applies to the questions displayed below.]

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 Susan's repair shop on account, $490. July 6 One of Linda's mowers malfunctions. Susan provides repair services to Linda on account, $440. July 9 Susan pays $490 to Linda for lawn services provided on July 3. July 14 Susan borrows $590 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 $440 to Susan for services provided on July 6. July 27 Susan performs repair services for other customers for cash, $790. July 30 Susan pays employee salaries for the month, $290. July 31 Susan pays $590 to Linda for money borrowed on July 14. Problem 2-5A (Algo) Part 1 Required: 1. Record each transaction for Susan's Repair Shop. Keep in mind that Susan may not need to record all transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal Entry Form