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 mowers malfunctlons. Luke provides repair services to Jake on account, \$450. July 9 Lake 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 repair services for other customers for cash, $800. July 30 tuke pays employee salaries for the month, $300. July 31 take pays $600 to Jake for money borrowed on July 14 . 2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classifications should be entered as a negative.) 2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decr account classifications should be entered as a negative.)