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Jack Hammer Company completed the following transactions. The annual accounting period ends December 3 1 . April 3 0 Received $ 8 7 6 ,

Jack Hammer Company completed the following transactions. The annual accounting period ends December 31.
April 30 Received $876,000 from Commerce Bank after signing a 12-month, 8.50 percent, promissory note.
June 6 Purchased merchandise on account at a cost of $98,000.(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 $35,500.
December 31 Determined salary and wages of $63,000 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:
For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation.
For each item, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume Jack Hammers debt-to-assets ratio is less than 1.0.)

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