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

Jan. 8	Purchased merchandise on account at a cost of $20,000. (Assume a perpetual inventory system.)
17	Paid for the January 8 purchase.
Apr. 1	Received $49,600 from National Bank after signing a 12-month, 12.0 percent, promissory note.
June 3	Purchased merchandise on account at a cost of $24,000.
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 $9,600. (Use an account called Unearned Revenue.)
Dec. 20	Collected $220 cash on account from a customer.
Dec. 31	Determined that wages of $8,900 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:

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.) (Enter your answers in transaction order provided in the problem statement.)