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Jack Hammer Company completed the following transactions. The annual accounting period ands December 31 Apr 30 Received 5696.000 from Commerce Bank after signing a 12-month,

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Jack Hammer Company completed the following transactions. The annual accounting period ands December 31 Apr 30 Received 5696.000 from Commerce Bank after signing a 12-month, 5.5 percent, promissory note Jure Purchased merchandise on account at a cost of $3000. (Assume a perpetual inventory system) July 15 Paid for the June purchase Aug 31 Signed a contract to provide security service to a small apartment complex and collected sex months' fees in advance amounting to $20.000 (Use an account called Uneared Revenue) De 31 Dermined salary and wages of $48.000 were earned but not yet paid as of December 31 ignore payroll taxes) Dec 31 Adusted the accounts at year-end relating to interest Dec 31 Add the counts at year-end relating to security Service Required 1. For each sted transaction and re the accounting equation. Do not round intermediate sulations. Enter any decreases to account a ching entry indicate the counts amounts and feet on balances with minus sign Enter your answer statement) transaction order provided in the problem Data Apr 30 1. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Enter your answers in transaction order provided in the problem statement.) Date Assets Liabilities Apr. 30 June 6 July 15 Aug. 31 Dec. 31 Dec. 31 Dec. 31 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 10.) (Enter your answers in transaction order provided in the problem statement) Transaction E ffect Numerator Apr 30 Denominator June July 15 Aug 31 De 31 De: 31

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