The following information applies to the questions displayed below) Jake owns a lawn maintenance company, and Luke owns a machine repair shop. For the mon th of July, the following transactions occurred July 3 Jake provides lawn services to Luke's repair shop on account $400 July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on accou July 9 Luke pays $400 to Jake for lawn services provided on July 3 July 14 Luke borrows $500 from Jake by signing a note July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $100 July 20 Jake pays $350 to Luke for services provided on July 6 July 27 Luke performs repair services for other customers for cash. $700 July 30 Luke pays employee salaries for the month, $200 July 31 Luke pays $500 to Jake for money borrowed on July 14 nt, $350