PA10-1 Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio (LO2, LO5) Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 30 Received $553,200 from Commerce Bank after signing a twelve-month, percent, promissory note June 6 Purchased merchandise on account at a cost of $76,000 (Assume a perpetual inventory system. ) July 15 Paid for the June 6 purchase Aug. 31 signed a contract to provide security services to a small apartment complex and collected six months' fees in advance, mounting to $24.600 (Use an account called Deferred Revenue.) Dec. 31 Determined salary and wages of $41,000 were earned but not yet paid as of December 31 (gnore payroll taxes) Dec. 31 Adjusted the accounts at year-end, relating to interest Dec.31 Adjusted the accounts at year-end, relating to security services Required: 1. For each listed transaction and related adjusting entry, Indicate the effects (accounts, and amounts on the accounting equation, using the following format: (Enter any decreases to accounts with a minus sign.) Date Assets Liabilities Apr. 30 June 6 July 15 Aug 31 Dec 31