Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. April 30 Received $480, eee from Commerce Bank after signing a 12-month, 6 percent, promissory note. June 6 Purchased merchandise on account at a cost of $67,800. (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase. August 31 Signed a contract to provide security service to a small apartment complex starting in September, and collected six months' fees in advance, amounting to $19,200. December 31 Determined salary and wages of $32,6ee were earned but not yet paid as of December 31 (ignore payroll taxes). 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. & 2. Prepare joumal entries for each of the transactions through August 31 and adjusting entries required on December 31. 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the borrowing of $480,000. Note: Enter debits before credits Date General Journal Debit Credit April 30 Record entry Clear entry View general journal Journal entry worksheet Record the purchase of inventory worth $67,000 on account. Note: Enter debits before credits. Date General Journal Debit Credit June 06 Record entry Clear entry View general journal Journal entry worksheet