Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $636,000 from Commerce Bank after signing a 12-month, 7.50 percent, promissory note. June 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 service to a small apartment complex starting in September, and collected six months' fees in advance, amounting to $25,500. 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 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 1 Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermedi dollar. Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in transaction order provided in the proble Assets Stoc! Date Apr. 30 June 6 Cash 636,000 78,000 636,000 78,000 Inventories Cash Cash (78,000) 25,500 Liabilities Notes Payable (long-term) Accounts Payable Accounts Payable Service Revenue Salaries and Wages Payable Interest Payable July 15 Aug. 31 Dec. 31 Dec. 31 (78,000) 25,500 43,000 Salaries and Wages Paya Interest Payable 31,800 Required 1 Required 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.) (Enter your answers in transaction order provided in the problem statement.) Date Effect on Ratio Numerator Denominator Apr. 30 June 6 No Change No Change No Change No Change July 15 Aug. 31 No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change Dec. 31 Increased Dec. 31 Increased Dec. 31 Decreased