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1 Brief Exercise 2 - 4 ( Algo ) Analyze the impact of transactions on the accounting equation ( LO 2 - 2 ) The

1 Brief Exercise 2-4(Algo) Analyze the impact of transactions on the accounting equation (LO2-2)
The following transactions occur for Badger Biking Company during the month of June:
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a. Provide services to customers on account for $33,000.
b. Purchase bike equipment by signing a note with the bank for $25,000.
c. Repay $18,000 of the note in (b) above.
d. Pay utilities of $3,300 for the current month.
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.)
\table[[Transaction,Assets,=,Liabilities,+,\table[[Stockholders'],[Equity]]],[(a),,=,,+,],[(b),,=,,+,],[(c),,=,,+,],[(d),,=,,+,]]
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