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Brief Exercise 2 - 4 Analyze the impact of transactions on the accounting equation ( LO 2 - 2 ) The following transactions occur for

Brief Exercise 2-4 Analyze the impact of transactions on the accounting equation (LO2-2)
The following transactions occur for Badger Biking Company during the month of June:
a. Provide services to customers on account for $36,000.
b. Receive cash of $28,000 from customers in (a) above.
c. Purchase bike equipment by signing a note with the bank for $21,000.
d. Pay utilities of $3,600 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) increase,,,,,],[(b) decrease,,,,,],[(c),,,,,],[(d),,,,,]]
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