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 $45,000 b. Receive cash of $37,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $30,000 d. Pay utilities of $4,500 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.) Transaction Assets Liabilities Stockholders Equity (a) (b) increase (b) decrease (c) (d)