Apr. 30 Received $690,800 from Commerce Bank after signing a 12-month, 6 percent, promissory note. Dune 6 Purchased merchandise on account at a cost of $81,000. (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase. Aug. 31 Signed a contract to provide security service to a small apartment complex starting in September, and collected six months fees in advance amounting to $27,600. Dec. 31 Determined salary and wages of $46,000 were earned but not yet paid as of December 31 (ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to security service. Required 1. & 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on t intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Requires View transaction list Journal entry worksheet 2 4 6 7 Book Print erences Record the borrowing of $690,000. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30 Record entry Clear entry View general journal 3 4 6 7 Record the purchase of inventory worth $81,000 on account. 2 3 4 5 6 Record the payment for inventory in full. Note: Enter debits before credits. Date General Journal Debit Record the collection of six month's security service fees in advance amounting to $27,600 Note: Enter debits before credits. 1 2 3 4 6 Record the wages earned, but not yet paid as of December 31. Note: Enter debits before credits. 2 3 4 5 6 7 Record the adjusting entry relating to interest. Note: Enter debits before credits. 2 3 4 5 6 7 Record the adjusting entry relating to security service fees. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Show how all of the liabilities intermediate calculations.) arising from these items are reported on the balance sheet at Dece JACK HAMMER COMPANY Balance Sheet (partial) At December 31