Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. June Apr. 30 Received $558,000 from Commerce Bank after signing a twelve-month, 8 percent, promissory note 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 services to a small apartment complex and collected six months' fees in advance, amounting to $25,800 (Use an account called Deferred 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 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 Shareh Apr 30 Cash 558,000 Inventory 78,000 Cash June 6 July 15 Aug. 31 Dec. 31 Cash 558,000 Note payable 78,000 Accounts payable Accounts payable Deferred revenue Salaries and wages payable Interest payable Deferred revenue Salaries and wages expense Dec. 31 Interest expense Dec. 31 Service revenue 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.) Transaction Effect Apr. 30 June 6 July 15 Aug. 31 Dec. 31 Dec. 31 Dec. 31