WWW Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. April 30 Received $624,000 from Commerce Bank after signing a 12-month. 7.00 percent, promissory note. June 6 Purchased merchandise on account at a cost of $77,000. (Asume a perpetual inventory system.) July 15 paid for the June 6 purchase. August 31 signed a contract to provide security service to a small apartment complex starting in September, and collected six months' fees in advance, amounting to $25.000. December 31 Determined salary and wages of 342,000 were earned but not yet paid as of December 31 (gore payroll taxes). December 31 adjusted the accounts t year-end, relating to interest bat December 31 Adjunted the account at year-ond, relating to security service. 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 Jack Hammer's debt-to-assets ratio is less than 10.) int cences Check my work Required 1 Required 2 d For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equat liabilities, or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statem Date Assets Liabilities April 30 June 6 July 15 August 31 * ences December 31 December 31 December 31 Check my work mounts, and effects on the accounting equation. (Do not round Intermediate calculations. Round your answers to the nearest w iction order provided in the problem statement.) Stockholders' Equity Liabilities ces Required 1 Required 2 For each item, indicate whether the debt-to-assets ratio is increased or decreased or there Hammer's debt-to-assets ratio is less than 1.0.) (Enter your answers in transaction order p Date Effect on Ratio Numerator Denominator April 30 June 6 July 15 August 31 December 31 December 31 December 31 S