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Badger The following transactions occur for Badger Biking Company during the month of June: 4 a. Provide services to customers on account for $49,000 b.
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The following transactions occur for Badger Biking Company during the month of June: 4 a. Provide services to customers on account for $49,000 b. Receive cash of $41,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $34,000. d. Pay utilities of $4,900 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.) 15 points eBook Transaction Assets Liabilities Stockholders' Equity (a) (b) increase (b) decrease References (c) (d)Step by Step Solution
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