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Required information Problem 2-5A (Algo) Analyze the impact of transactions on the accounting equation and record transactions (LO2-2, 2-4) [The following information applies to the questions displayed below.] Karen owns a lawn maintenance company, and Janine owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Karen provides lawn services to Janine' a repair shop on account, $480. July 6 one of Karen's mowers malfunctions. Janine provides repair services to Karen on account, \$430. July 9 Janine pays $480 to Karen for lawn services provided on July 3 . July 14 Janine borrows $580 from Karen by signing a note. July 18 Karen purchases advertising in a local newspaper for the remainder of July and pays cash, \$120. July 20 Karen pays $430 to Janine for services provided on Ju1y 6 . July 27 Janine performs repair services for other customers for cash, $780. July 30 Janine paya employee salaries for the month, $280. July 31 Janine pays $580 to Karen 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. (Decr account classifications should be entered as a negative.)