The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $32,000. b. Receive cash of $24,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $17,000. d. Pay utilities of $3,200 for the current month.

Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.