Bryanger Company sells a wide range of inventories that are initially purchased on account. Occasionally, a short-term note payable is used to obtain cash for current use. The following transactions were selected from those occurring during the year: a. On January 10, purchased merchandise on credit for $20,000; 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 10.0 percent, payable at maturity Required: 1. For each of the transactions, indicate the effects (accounts and amounts) on the accounting equation. (Enter any decreases to accounts with a minus sign.) Assets Liabilities + Shareholders' Equity Date Jan. 10 March 1 2. What amount of cash is paid on the maturity date of the note? Cash paid 3. Indicate the impact of each transaction on the debt-to-assets ratio. Select "No Effect" if there is no impact. 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.) Impact a. b