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 followi transactions occurred.. July 3 Jake provides lawn services to Luke's repair shop on account, $480. July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, 5430. July 9 Luke pays $480 to Jake for Lawn services provided on July 3. July 14 Luke borrows, 5580 from Jake by signing a note. July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $120. July 2e Jake pays 5430 to Luke for services provided on July 6. July 27 Luke performs repair services for other customers for cash, 5780. July 30 Luke pays employee salaries for the month, $280. July 31 Luke pays $580 to Jake for money borrowed on July 14, Required: 1. Record each transaction for Luke's Repair Shop. (If no entry is required for a transaction/event, select "No Journal En in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Jake provides lawn services to Luke's repair shop on account, 5480. Note: Enter debits before credits General Journal Debit Credit Date July 03 Record entry Clear entry View general journal Required information [The following information applies to the questions tlsplayed 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 la services to Luke's repair shop on account, 5480. July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, 5430. July 9 Luke pays $480 to Jake for lawn services provided on July 3. July 14 Luke borrows. 5580 fron Jake by signing a note. July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, 5120. July 20 Jake pays $430 to Luke for services provided on July 6. July 27 Luke performs repair services for other customers for cash, $780. July 30 Luke pays employee salaries for the month, $280. July 31 luke pays $580 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.) JAKE'S LAWN MAINTENANCE COMPANY Assets - Liabilities Stockholders' Equity Assets July 03 5430 5 0 $ 480 $ 0 LUKE'S REPAIR SHOP - Liabilities - Stockholders' Equity s 480 $ (480) 888 14 18 20 27 30 31