demahjanaytinsley
17.06.2021 •
Business
The following transactions occur for Badger Biking Company during the month of June:
Provide services to customers on account for $30,000.
Receive cash of $22,000 from customers in (a) above.
Purchase bike equipment by signing a note with the bank for $15,000.
Pay utilities of $3,000 for the current month.
Required:
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a negative.)
Transaction Assets = Liabilities + Stockholders’ Equity
(a)
(b)
(c)
(d)
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