Tiger Company completed the following transactions. The annual accounting period ends December 31.

Jan. 3	Purchased merchandise on account at a cost of $32,000. (Assume a perpetual inventory system.)
Jan. 27	Paid for the January 3 purchase.
Apr. 1	Received $88,000 from Atlantic Bank after signing a 12-month, 5.5 percent promissory note.
June 13	Purchased merchandise on account at a cost of $9,600.
July 25	Paid for the June 13 purchase.
Aug. 1	Rented out a small office in a building owned by Tiger Company and collected eight months rent in advance amounting to $9,600. (Use an account called Unearned Rent Revenue.)
Dec. 31	Determined wages of $20,000 were earned but not yet paid on December 31 (ignore payroll taxes).
Dec. 31	Adjusted 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. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Enter your answers in transaction order provided in the problem statement.)

2.	For each item, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume Tiger Companys debt-to-assets ratio is less than 1.0.) (Enter your answers in transaction order provided in the problem statement.)

31, valu 12.00 points Tiger Company completed the following transactions. The annual accounting period ends December 31 Jan 3 Purchased merchandise on account at a cost o $32,000. (Assume a perpetual inventory system.) Jan 27 Paid for the January 3 purchase Apr. 1 Received $88,000 from Atlantic Bank atter signing a 12-month, 5.5 percent p June 13 Purchased merchandise on account at a cost of $9,600 July 25 Paid for the June 13 purchase Aug. 1 Rented out a small office in a building owned by Tiger Company and collected eight months rent note in advance amounting to $9,600. (Use an account called Unearned Rent Revenue.) Determined wages of S20,000 were earned but not yet paid on December 31 (ignore payroll taxes). Der 31 Dec. 31 Adjusted the accounts at year-end, relating to interest Der 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. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Enter your answers in transaction order provided in the problem statement.) Date Assets abilities Stockholders Equity Jan. 3 Jan. 27 Apr. 1 June 13 July 25 Aug. 1 Dec. 31 Dec 31 Dec. 31