PB10-1 (Algo) Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5] Tiger Company completed the following transactions. The annual accounting period ends December 31. January 3 Purchased merehandise on account at a cost of 529,000 . (Aasune a perpetual inventory syatem.) January 27P ilid for the January 3 purchase. Apri1 1 Roceived $85,000 from Atlantio bank after signing. -sonth, 8.0 percent promiasory note. June 13 Purehased merchandise on account at a cost of $9,000. July 25 Paid for the June 13 purchase. foly 31 rented out a mall office in a building owned by figor company and collected eight nonthe' rent in advance anounting to 59,000 . Decerber 31 peternined vages of $17,000 vere earned but not yet paid on Decenter 31 (1gnore payroll taxes). Decerber 31 adjunted the accounth at year-end, relating to interest. Deceebber 31 adjusted the account at year-end, relating to rent. 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 Tiger Company's debt-to-assets ratio is less than 1.0.) Complete this question by entering your answers in the tabs below. For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) For each item, indicate whether the debt-to-assets ratio is increased or decreased or the Company's debt-to-assets ratio is less than 1.0.) (Enter your answers in transaction orde statement.)