part 2

15.00 points The following transactions occur for Badger Biking Company during the month of June a. Provide services to customers on account for $37,000 b. Receive cash of $29,000 from customers in (a) above c. Purchase bike equipment by signing a note with the bank for $22,000. d. Pay utilities of $3,700 for the current month. Analyze each tiansaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account account classifications should be entered as a negative.) ity (b) decrease value 15.00 points Squirrel Tree Services reports the following amounts on December 31. Liabilities and Stockholders' Equity Cash Supplies Prepaid insurance Building $ 8,400 Accounts payable $ 11,800 4,200 27,000 40,000 11,100 2,500 Salaries payable 4,200 Notes payable 79,000 Common stock Retained earnings In addition, the company reported the following cash flows. Cash Outflows Customers Borrow from the bank (note) Sale of investments S 74,000 Employee salaries s 29,000 11,000 10,000 76,000 27,000 Supplies 20,500 Dividends Purchase building Required: 1. Prepare a balance sheet. Required: 1. Prepare a balance sheet. SQUIRREL TREE SERVICES Balance Sheet Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total Total liabilities and stockholders' equity 2. Prepare a statement of cash flows. (Cash outf flows and decreases in cash should be indicated by a minus sign.) SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year