Jack Hammer Company completed the following transactions during 2014. The annual accounting period ends December 31, 2014

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Received $603,600 from Commerce Bank after signing a 12-month, 6 percent, promissory note. Purchased merchandise on account at a cost of $97,000. (Assume a perpetual inventory system.) Paid for the June 6 purchase Signed a contract to provide security services to a small apartment complex and collected six months' fees in advance, amounting to $25,200. (Use an account called Unearned Service Revenue.) Determined salary and wages of $62,000 were earned but not yet paid as of December 31 (ignore payroll taxes). Adjusted the accounts at year-end, relating to interest. Adjusted the accounts at year-end, relating to security services Apr. 30 June 6 July 15 Aug. 31 Dec. 31 Dec. 31 Dec. 31 Required 1. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on accounting equation, using the following format: Date April 30, 2014 June 6, 2014 July 15, 2014 Aug. 31, 2014 Dec. 31, 2014 Dec. 31, 2014 Dec. 31, 2014 Assets Liabilities Shareholders' Equity 2. For each item, state whether the quick ratio is increased, decreased, or there is no change. (Assume Jack Hammer's quick ratio is greater than 1.0.) Effect Transaction April 30 June 6 July 15 August 31 December 31 December 31 December 31