The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $48,000. b. Purchase bike equipment by signing a note with the bank for $40,000. c. Repay $33,000 of the note in (b) above. d. Pay utilities of $4,800 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to a classifications should be entered as a negative.) Exercise 2-8 (Algo) Record transactions (LO2-4) Ogg Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $22,300 2. Provide services to customers and recelve cash of $6,000. 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $1,800. 5. Pay employee salaries of $1,400 for the current month. Required: Record the transactions. Ogg uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)