Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $645,000 from Commerce Bank after signing a 12-month, 6 percent, promissory note. June 6 Purchased merchandise on account at a cost of $78,000. (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase. Aug. 31 Signed a contract to provide security service to a small apartment complex and collected six months fees in advance amounting to $25,800. (Use an account called Unearned Revenue.) Dec. 31 Determined salary and wages of $43,000 were earned but not yet paid as of 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 security service. Required: 1&2. Complete the required journal entries for each of the above transactions. (Do not round intermediate calculations. If no entry is

required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.)