Problem $2-5$A $($Static$)$ Analyze the impact of transactions on the accounting equation and record transactions $($LO$2-2,2-4)$

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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$$s repair shop on account, $$500.$

July $6$ One of Jake$$s mowers malfunctions. Luke provides repair services to Jake on account, $$450.$

July $9$ Luke pays $$500$ to Jake for lawn services provided on July $3.$

July $14$ Luke borrows $$600$ 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 $$450$ to Luke for services provided on July $6.$

July $27$ Luke performs repair services for other customers for cash, $$800.$

July $30$ Luke pays employee salaries for the month, $$300.$

July $31$ Luke pays $$600$ to Jake for money borrowed on July $14.$

Problem $2-5$A $($Static$)$ Part $2$

$2.$ 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.$)$