EZ Curb Company completed the following transactions. The annual accounting period ends December 31.

Jan.		8		Purchased merchandise on account at a cost of $17,500. (Assume a perpetual inventory system.)
Jan.		17		Paid for the January 8 purchase.
Apr.		1		Received $45,600 from National Bank after signing a 12-month, 9.5 percent, promissory note.
June		3		Purchased merchandise on account at a cost of $21,500.
July		5		Paid for the June 3 purchase.
July		31		Rented out a small office in a building owned by EZ Curb Company and collected six months rent in advance, amounting to $8,100. (Use an account called Deferred Revenue.)
Dec.		20		Collected $170 cash on account from a customer.
Dec.		31		Determined that wages of $7,900 were earned but not yet paid on 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 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 EZ Curb Companys debt-to-assets ratio has always been less than 1.0.)