Question

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 ) provides l e vices to Luke' repair shop on account. 1500. July One of Take e malfunction. Luke provides repair services to take on count: $450. July Luke pe 1500 to take for law orice provided on July July 1 DO 3000 TO Jake by nine bote July 18 Jake purch vertining in a local er for the remainder of July and pay cash $110. July 20e pe 3450 to Luke for services provided on July 0. July 21 Luke pertorne repair services for other cure for ca 1800 July 30 Luke para esployee salaries for the Month $100 July 31 Luke pare 1600 to Take 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 Entry Required" in the first account field) Answer is not complete. General Journal No Date y 03 Credit Legal Fees Expense Notes Payable Debit 500 500 July 06 Accounts Receivable Service Fee Expense July 09 Repairs and Maintenance Expense Cash 06 oe July 14 Notas Payable July 18 No Transaction Recorded Cash Entertainment Expense Cash Repairs and Maintenance Expense 06 06 @6 30 July 30 Salaries Expanse Cash July 31 Notes Payable Cash 00

Answer 1

40 Debit Credit 41 Date General Journal 3-Jul Repairs and Maintenance expense Accounts Payable 500 42 500 44 6-Jul 450 45 Service Revenue 450 46 500 9-Jul Accounts Payable Cash 500 49 50 14-Jul Cash 600 Notes Payable 600 18-Jul No Journal entry required 20-Jul Cash 450 Accounts Receivable 450 27-Jul Cash 800 Service Revenue 800 59 60 61 300 30-Jul Salaries expense Cash 300

500 64 65 31-Jul Notes Payable Cash 500