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

Jan.		8		Purchased merchandise on account at a cost of $17,000. (Assume a perpetual inventory system.)
Jan.		17		Paid for the January 8 purchase.
Apr.		1		Received $44,800 from National Bank after signing a 12-month, 9.0 percent, promissory note.
June		3		Purchased merchandise on account at a cost of $21,000.
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 $7,800. (Use an account called Deferred Revenue.)
Dec.		20		Collected $160 cash on account from a customer.
Dec.		31		Determined that wages of $7,700 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.)

Required 1 Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement. Stockholders Equity Date Assets Liabilities Jan. 8 Jan. 17 Apr. 1 June 3 July 5 July 31 Dec. 20 Dec. 31 Dec. 31 Dec 31 Required 2> Required 1 Required 1Required 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 Company's debt-to-assets ratio has always been less than 1.0.) (Enter your answers in transaction order provided in the problem statement.) Date Effect on Ratio Numerator Denominator Jan. 8 Jan. 17 Apr. 1 June 3 July 5 July 31 Dec. 20 Dec. 31 Dec. 31 Dec. 31 Required 1 Required 2