Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 April 30 Beceived $600,000 fron Connerce Bank after signing a 12-mooth, percent, proniasory note. Jute & Purchased merchandise on account at a cost of $75,000. (Assume a perpetual inventory system. July 15 Paid for the June & purchase. August 11 Signed a contract to provide security service to a small apartment complex starting in September, and collected six months' fees in advance, amounting to $24,000. December 11 Determined salary and wages of $40,000 were earned but not yet paid as of December 31 (ignore payroll December 31 Adjusted the accounts at year-end, relating to interest. December 31 Adjusted the accounts at year-end, relating to security service. 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 Jack Hammer's debt-to-assets ratio is less than 1.0) Complete this question by entering your answers in the tabs below. Check my work Required 1 Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Round your answers to th dollar. Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) Date Apr 30 June July 15 August 21 December 31 Decenter 31 December 31 Assels Labe Required 2 . Stockholders' Equity