Eryant Cornpany sells a wide range of inventories, which are initially purchased on account Occasionaly, shoct-term notes payable are used to obtain cash for current use. The following tronsactions were selected from those occurring during the yesr a. On Jaruaty 10, purchased merchandae on credit for $18,500. The compary uses a perpetual inventory system. b. On March 1, borrowed $41,000 cash from City Bank and signed a promssory note wth a face amount of $41,000, due ot the end of six months, occruing interest at an annual rate of 8.50 percent, payable at maturity. Requited: 1. For each of the transoctions, indicate the accounts, amounts, and effects an the accounting equation 2. What amount of cash is peid on the maturity date of the note? 3. Indicate the impoct of each transactian fincreasse, decrease, and no effect on the debt-to-assets ratio Assume Bryant Company had 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? Indicate the impact of each transaction (increase, decrease, and no effect) on the debt-to-assets ratio. Assume Bryant Company had $310,000 in total liabilities and $510,000 in total assets, yielding a debt-to-assets ratio of 0.61 , prior to each transaction. (Round your answers to 2 decimal places.)