the first large table kind of got cut off, but i put it in another picture. thanks!
EZ Curb Company completed the following transactions. The annual accounting period ends December 31 Jan. Purchased merchandise on account at a cost of $24,500. (Assume perpetual inventory system.) Jan. 17 Paid for the January 8 purchase Apr. 1 Received $56,800 from National Bank after signing a 12-month, 16.5 percent, promissory note. June) Purehased srchandise on account at a cost of $28,500. July 5 Paid for the June purchase. July 31 Rented out all office in a building owned by EE Curb Company and collected in other rent in advance, mounting to $12,300. Osean Decount called Deferred Revenue.) Dec. 20 collected $10 cash on account from customer. Dee. 31 Determined that wages of $10,700 were earned but not yet paid on December 31 (Ignore payroll taxes). Dee. 31 Mjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts 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 transaction and related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 10.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. I or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement Date Assets Dec. 31 Mdjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts 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 transaction and related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change(Assume EZ Curb Company's debt-to-assets ratio has always been less than 10.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. ! or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) Assets Liabilities Stockholders' Equity L LLLLLLLLLS Date Jan. 8 Jan. 17 Apr. 1 June 3 SI 1 1 1 July 31 Dec. 20 Dec 31 Dec. 31 Dec 31 1 entry, indicate the accounts, amounts, and erects on the accounting equation. indicate whether the debt-to-assets ratio is increased or decreased or there is no sets ratio has always been less than 10) wers in the tabs below. entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to assets, liabilities your answers in transaction order provided in the problem statement) Liabilities Stockholders' Equity 1. For eacn istea transaction ang related adjusung entry, indicate the accounts, amounts, and erects on the accounting equation. 2. For each transaction and related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 10.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each transaction and related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 1.0.) (Enter your answers in transaction order provided in the problem statement.) Effect on Ratio Numerator Denominator Date Jan 8 Jan 17 Apr. 1 June 3 July 5 July 31 Dec. 20 Dec. 31 Dec. 31 Dec. 31
