CP10-1 (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] E2. Curb Company completed the following transactions. The annual accounting period ends December 31 . January B furchased merehandiae on account at a cost of \$18,500. (Assure a perpetual inventory system.) January 17 Taid for the January 8 purchane. Apri1 1 Received $47,200 fron National Bank after nigning a 12-konth, 10.5 percent, prominsory note. June 1 Purchased nerchandise on account at a cost of $22,500. July 5 Paid for the June 3 purchase. July 31 Rested out a neall office in a building ovned by Ez Curb Company and colleoted six nontha' rent in advanen, anounting to 38,700 , (Use an account called Deferred Revenve.) Decenber 20 collected $190 canh on account from a eustoner. Decenber 31 Deternined that vages of 58,300 were earned but not yet paid on becenber 11 (Ignore payroll taxen). Decenber 31 Adjusted the occounts at year-end, relating to interest. Decerber 31 Adjusted the accounts at year-end, relating to rent. Required: 1. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. 2. For each transaction and related adjusting entry, Indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume E2 Curb Company's debt-to-assets ratio has always been less than 1.0.) Complete this question by entering your answers in the tabs below. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation, (Do not round intermediate calculations. stockholders equity with a minus sign. Enter your answers in transoction order provided in the problem statement.) Complete this question by entering your answers in the tabs below. For each transaction and related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 1.0.) (Enter your answers in transaction order provided in the problem statement.)