Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $566,400 from Commerce Bank after signing a twelve-month, 7 percent, promissory note June 6 Purchased merchandise on account at a cost of $81,500 (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase Aug. 31 Signed a contract to provide security services to a small apartment complex and collected six months' fees in advance, amounting to $27,980 (Use an account called Deferred Revenue.) Dec. 31 Determined salary and wages of $46,500 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 services Required: 1. For each listed transaction and related adjusting entry, Indicate the effects (accounts, and amounts on the accounting equation, using the following format: (Enter any decreases to accounts with a minus sign.) Date Assets Liabilities + Shareholders' Equity Apr. 30 June 6 July 15 Aug. 31 Dec 31 Dec. 31 Dec. 31 2. For each item, state 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.) Effect Transaction Apr. 30 June 6 July 15 Aug. 31 Dec. 31 Dec. 31 Dec. 31