Screen Shot 2019-09-06 at 11.07.57 AM Q Search 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, $470. July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, $420. July 9 Luke pays $470 to Jake for lawn services provided on July 3. July 14 Luke borrows $570 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 $420 to Luke for services provided on July 6. July 27 Luke performs repair services for other customers for cash, $770. July 30 Luke pays employee salaries for the month, $270. July 31 Luke pays $570 to Jake for money borrowed on July 14. Screen Shot 2019-09-06 at 11.08.02 AM o Q Search 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 $ 470 Liabilities $ 0 + Stockholders' Equity $ 470 Assets $ 0 LUKE'S REPAIR SHOP Liabilities + Stockholders' Equity $ 470 $ (470) July 03 06 09