Record the transactions for jake lawn maintenance company

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Reference no: EM131519501

Question: 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, $400.

July 6 One of Jake's mowers malfunctions. Luke provides repair services to Jake on account, $350.

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 employees' salaries for the month, $200.

July 31 Luke pays $500 to Jake for money borrowed on July 14.

Required: Record the transactions for Jake's Lawn Maintenance Company.

Reference no: EM131519501

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