1. For each listed transaction and related adjusting entry indicate the accounts, amounts, and effects on the accounting equation

Jack Hammer Company.competed the following transactions. The annual accounting period ends December 31 Apr. Received 566,000 from Commerce Bank after signing 12-month, 7.50 percent, promissory note. Lune Purchased chandise on account at a cost of $78,000. (As a perpetual Inventory system) July 15 Pald for the Sune 6 purchase. Signed contract to prove security Service to all partent complex starting in p er and collected six months' fees in advance, mounting to $25.500. a r e earned but not yet paid as of December (ignore Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec.31 Adjusted the accounts at year and relating to security service, Requires 1 For each sted transaction and related adsonger indicate the account amounts and elects on the accounting 2. For each them indicate whether the deta i s increased or decreased or there is no change. Assume c detto-assets is less than 10) t on omer's Complete the question by catering your awwers the tabs below For eached transand bed antingentrate s , and the go. (Donderdae canto Routh who