Required information The following information applies to the questions displayed below.] Jake owns a lawn maintenarte 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 Luke for services provided on July 6 July 27 Luke performs July 30 Lake pays employee salaries for the nonth, $300. July 31 Lake pays $600 to Jake for money borrowed on July 14 epair services for other customers for cash, $800. 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.) Answer is not complete. No Date General Journal Debit Credit July 03 Accounts Receivable 500 Service Revenue 500 2 July 06 Repairs and Maintenance Expense Accounts Payable 450 450 Cash July 09 500 O Accounts Receivable 500 Required information Debit Credit General Journal Date No 500 Accounts Receivable July 03 500 Service Revenue 450 Repairs and Maintenance Expense Accounts Payable July 06 450 500 Cash 3 July 09 500 Accounts Receivable 600 Notes Receivable July 14 4 . 600 Cash Advertising Expense Cash 5 July 18 110 110 Accounts Payable 6 July 20 450 450 Cash No Jounal Entry Required July 27 No Jounal Entry Required July 30 July 31 Cash 600 Notes Receivable 600
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