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] EZCarb Company completed the following fransactions, The annual accounting period ends December 31. January 17. Waid for the Jarwary of purchese. July 5 vaid tor the 3 une 3 purchase. to \$12,600, (Use en asceunt, called Oeferred hevenue,) December is adjusted the occounts at yeapiend, relating to pent. Required: 1. For each listed transaction and related adfusting entry, indicate the accounts, amounts, and effects on the accounting equation. 2. For each transaction and related adjusing entry, indicate whethet the debt-to assets iato is incieased or decreased ar there is no change. (Assume F/ Curb Company's detit to assets ratia has always been less than 10 ) 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.)