a. On January 10 , purchased merchandise on credit for $20,000. The company uses a perpetual inventory system. b. On March 1 , borrowed $44,000 cash from City Bank and signed a promissory note with a face amount of $44,000, due at the end of six months, accruing interest at an annual rate of 10.00 percent, payable at maturity. Required: 1. For each of the transactions, indicate the accounts, amounts, and effects on the accounting equation. 2. What amount of cash is paid on the maturity date of the note? 3. Indicate the impact of each transaction (increase, decrease, and no effect) on the debt-to-assets ratio. Assume Bryant Company had $340,000 in total liabilities and $540,000 in total assets, yielding a debt-to-assets ratio of 0.63, prior to each transaction. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. What amount of cash is paid on the maturity date of the note? Complete this question by entering your answers in the tabs below. Indicate the impact of each transaction (increase, decrease, and no effect) on the debt-to-assets ratio. Assume Bryant Company had $340,000 in total liabilities and $540,000 in total assets, yielding a debt-to-assets ratio of 0.63, prior to each transaction. (Round your answers to 2 decimal places.)