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5 3157 points Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 32 Received $635, fros Commerce Bank after

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5 3157 points Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 32 Received $635, fros Commerce Bank after signing a 12-month, 7.50 percent, promissory note. June 6 Purchased merchandise on account at a cost of $78,000. Assume a perpetual inventory system) Aug 31 Signed contract to provide security service to a small apartment complex starting in September, and Dec. 31 Determined salary and wages of 543,096 vere earned but not yet paid as of December 31 (ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to security service Required: 1. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation 2. For each item, indicate whether the debt to-sets ratio is increased or decreased or there is no change. Assume Jack Hammer's debito-assets ratio is less than 10.) BO Complete this question by entering your answers in the tabs below Required Required a For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation (Do not round intermediate calculations. Round your answers to the ne whole collar. Enter any decreases to assess, or stockholders uity with a sign or your answers in transaction order provided in the problem statement.) Assets Liabilities Stockholders' Equity Date Apr 30 Jure July 15 Aug 31 Dec 31 Des 31 Det. 31 Required 2 > sets ratio is less than 1.0.) 57 ints Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 eBook For each item, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume Jack Hammer's debt-to-assets ratio is less than 1.0.) (Enter your answers in transaction order provided in the problem statement.) Print erences Effect on Ratio Numerator Denominator Date Apr. 30 June 6 July 15 Aug. 31 Dec. 31 Dec 31 Dec 31 Required 1 Required 2

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