Required information [The following information applies to the questions displayed below.) Jake owns a lawn maintenance company, and Luke owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Jake provides lawn services to Luke's repair shop on account, $500. July 6 One of Jake's movers malfunctions. Luke provides repair services to Jake on account, $450. July 9 Luke pays $500 to Jake for lawn services provided on July 3. July 14 Luke borrows $600 from Jake by signing a note. July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $110. July 20 Jake pays $450 to take for services provided on July 6. July 27 Luke performs repair services for other customers for cash, $800. July 30 tuke pays employee salaries for the month, $300. July 31 Luke pays $600 to Jake for money borrowed on July 14. Ds July 03 06 09 JAKE'S LAWN MAINTENANCE COMPANY Assets Liabilities Stockholders Equity Assets $ 500 is 0 s 500 $ 0 $ 450 $ (450) $ 450 $ 500 $ 500 LUKE'S REPAIR SHOP Stockholders Liabilities Equity $ 500 $ (500) $ 450 $ 5003 S (500) 14 $ 600 600 $ 600 IS 000 18 20 S (110) $ (110) 450 US $ (450) $ 450 > $ 4503 S 800 $ 27 30 31 $ (300) $ 800 300 % (600) : $ 600 $ 600 X $ (600)