uestion Completion Status estion 26 A. Increase For each listed transaction state whether the debt-to-assets (also called liabilities-to-assets) ratio is increased or decreased or there is no change (Assume that the company's debt-to-assets ratio is less than 1.00. Recall that a similar increase (decrease in assets and liabilities will increase (decre 1.0). Transaction Date Event during the period Effect on ratio: A - Increase: B = Decrease.... No effect March 30: Received $500,000 from Chemical Bank after signing a 12-month, 5 percent promissory note. Apr 12 Issued 30,000 shares of common stock at $23 cash per share May 6: Purchased merchandise on account at a cost of $65,000 (assume a perpetual Inventory system). June 15: Paid for the May 6 purchase. July 31 Signed a contract to provide security service to a store starting in September, and collected six month's fees in advance, amounting to $20,000. Nov 12 Reacquired 5,000 shares of $24 cash per share to use as stock Incentives for 6. Decrease senior management at a future date. Dec 5 Declared a $20,000 dividend on common stock to be paid to shareholders of record on January 15. Dec 31 Determined that salary and wages of $30,000 were earned or incurred but not yet paid as of December 31 (ignore payroll taxes). Dec 31 Adjusted the accounts at year-end, relating to the interest to be paid the following year. Dec 31 Adjusted the accounts at year-end, relating to security services from July 31. C. No effect