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account classifications should be entered as a negative.) 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 displayd below] Joan owns a lawn maintenance company, and Sally owns a machine repair shop. For the month of July, the following transactions occurted. July 3 Joan provfdes lawn aervices to saliy s repair ohop on accost, $300. Jely. 9 sally paya $300 to Joan for lawm services provided on Jaly 3. Jaly 14 sally horrowe $400 from Joan by nigniBg a note. Jaly 20 Joan paya 5250 to Sally for aervices provided on July 6. Duly 27 sally performa repaif services for otber customers for eabh, $600. July 30 sally pays enployee salaries tor the noneh, $100. July 31 sally paya 5400 to Joan for mocey boxrowed on july. 14. Problem 2.5A (Algo) Part 2 Required: 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.) account classifications should be entered as a negative.) 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 displayd below] Joan owns a lawn maintenance company, and Sally owns a machine repair shop. For the month of July, the following transactions occurted. July 3 Joan provfdes lawn aervices to saliy s repair ohop on accost, $300. Jely. 9 sally paya $300 to Joan for lawm services provided on Jaly 3. Jaly 14 sally horrowe $400 from Joan by nigniBg a note. Jaly 20 Joan paya 5250 to Sally for aervices provided on July 6. Duly 27 sally performa repaif services for otber customers for eabh, $600. July 30 sally pays enployee salaries tor the noneh, $100. July 31 sally paya 5400 to Joan for mocey boxrowed on july. 14. Problem 2.5A (Algo) Part 2 Required: 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.)

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