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1 Brief Exercise 2 - 4 ( Algo ) Analyze the impact of transactions on the accounting equation ( LO 2 - 2 ) The
Brief Exercise Algo Analyze the impact of transactions on the accounting equation LO
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 $
b Purchase bike equipment by signing a note with the bank for $
c Repay $ of the note in b above.
d Pay utilities of $ 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.
tableTransactionAssets,Liabilities,tableStockholdersEquityabcd
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