Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 36 Received $756,000 from Commerce Bank after signing a 12-month, 8.00 percent, promissory note. June 6 Purchased merchandise on account at a cost of $88,00. (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 starting in September, and collected six months fees in advance, amounting to $30,500. Dec. 31 Determined salary and wages of $53,00 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. 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. Required Required 2 Required 2 d transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate cal any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem state Assets Liabilities Stockholder Required 2 > Required 1 Required 2 For each item, indicate whether the debt-to-assets ratio is increased or decreased Hammer's debt-to-assets ratio is less than 1.0.) (Enter your answers in transaction Effect on Ratio Numerator Denominator st Date Apr. 30 June 6 July 15 Aug. 31 Dec. 31 Dec. 31 Dec. 31