+ 85 pos vook PB10-1 (Algo) Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio (LO 10-2, LO 10-5] Tiger Company completed the following transactions. The annual accounting period ends December 31. January 3 Purchased merchandise on account at a cost of $32,000. (Assume a perpetual inventory system.) January 27 Faid for the January 3 purchase. April 1 Received $85,000 from Atlantic Bank after signing 12 month, 5.5 percent promissory note. June 13 Furchased merchandise on account at a cost of $9,600. July 25 Paid for the June 13 purchase. July 11 feeted out a small office in a building owned by Tiger Company and collected eight months rent in advance amounting to $9,600, December 31 Determined wages of $20,000 were earned but not yet paid on December 31 (ignore payroll taxes). December 31 Adjusted the accounts at year end, relating to interest. December 31 Adjusted the accounts at year end, relating to rent. Required: 1. For each listed transaction anting 4 Required for each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculationis. Enter any de Mockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) Date y03 January 27 Apren 13 Jay 25 July 31 December 31 December 31 Assets Liabilities Regined 1 . . 4 + Stockholders' Equity