please answer all parts!!
PA10-2 (Algo) Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-toAssets Ratio [LO 10-2, LO 10-5] Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apri1 30 Received $555,800 from Comerce Bank after signing a 12 -month, 7 percent, promlssory note. June 6 Purchased merchandise-on account at a cost of $72, eog. (Assume a perpetual inventory. system.) July 15 Pald for the June 6 purchase. nonths" fees in advance, areounting to $22,200. December 31 Adfusted the accounts at yeor+end, relating to interest. December 31 Adjusted the accounts at year-end, relating th security service. Required: 1. \& 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 3. Show how all of the liabilties arising from these items are reported on the balance sheet at December 31 Complete this question by entering your answers in the tabs below. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Roquired" in the first account field.) Journal entry worksheet 4 Note: Enter debits before credits. Journal entry worksheet 567 Record the purchase of inventory worth $72,000 on account. Note: Enter debits before credits. Journal entry worksheet Record the payment for inventory in full. Note: Enter debits before credits. Journal entry worksheet 1 Record the collection of six month's security service fees in advance amounting to $22,200. Note: Enter debits before credits. Journal entry worksheet (1) 3 7 Record the wages earned, but not yet paid as of December 31 . Note: Enter debits before credits. Journal entry worksheet (1) 2013 Record the adjusting entry relating to interest. Note: Enter debits before credits. Journal entry worksheet 1 3 5 6 Record the adjusting entry relating to security service fees. Note: Enter debits before credits. \& 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31 . (Do not round intermediate calculations.)
