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

Jan. 8	Purchased merchandise on account at a cost of $21,500. (Assume a perpetual inventory system.)
17	Paid for the January 8 purchase.
Apr. 1	Received $52,000 from National Bank after signing a 12-month, 13.5 percent, promissory note.
June 3	Purchased merchandise on account at a cost of $25,500.
July 5	Paid for the June 3 purchase.
Aug. 1	Rented out a small office in a building owned by EZ Curb Company and collected six months rent in advance, amounting to $10,500. (Use an account called Unearned Revenue.)
Dec. 20	Collected $250 cash on account from a customer.
Dec. 31	Determined that wages of $9,500 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 orn the accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Enter your answers in transaction order provided in the problem statement.) Date Jan. 8 Jan. 17 Assets Liabilities Stockholders' Equity June 3 July 5 Aug. 1 Dec. 20 Dec. 31 Dec. 31 Dec. 31 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 Jan. 8 Jan. 17 Effect on Ratio NumeratorDenominator June 3 July 5 Aug. 1 Dec. 20 Dec. 31 Dec. 31 Dec. 31