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P810-1 Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio (LO 10-2, LO 10-5) Tiger Company completed me flowing transactions. The accounting og ends December San Pedro 1.sume a perpetual entry) 31 Portas N. 1 R1,000 trenii after short 1 hour.com July 25 Fase for the Say New wind word collect the rest in to 11, Der er til en tre mellt.) Methew Mire equita Forech eCHng wynicate the accounts, or an effect on the courton 2. Forester weer een moderno engem Tour Concerty G-start Complete this wetion by entering your answers in the tabebu. Tot ce trengere there were not na with a> PB10-1 Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio (LO 10-2, LO 10-5) Tiger Company completed the following transactions. The annual accounting period ends December 31 Jan. 3 Purchased merchandise on account at a cost of $38,680. (Assume a perpetual inventory system.) Jan. 27 Paid for the January 3 purchase. Apr. 1 Received $94,000 from Atlantic Bank after signing a 12-month, 7.9 percent promissory note. June 13 Purchased merchandise on account at a cost of $1e,see. July 25 Paid for the June 13 purchase. July 31 Rented out a small office in a building owned by Tiger Company and collected eight months' rent in advance amounting to $19,800 Dec. 31 Determined wages of $26,800 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 item, indicate whether the debt-to-assets ratio is increased or decreased or there is no change (Assume Tiger Company's debt-to-assets ratio is less than 10.) Complete this question by entering your answers in the tabs below. Required 1 Requlod d2 For each item, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume Tiger Company's debt-to-assets ratio is less than 1.0.) (Enter your answers in transaction order provided in the problem statement.) Effect Numerator Denominator Date Jan 3 Jan 27 |Apr. 1 June 13 July 25 July 31 Doc. 31 Dec 31 Dec 31