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The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $33,000. Receive cash of $25,000
The following transactions occur for Badger Biking Company during the month of June:
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Provide services to customers on account for $33,000.
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Receive cash of $25,000 from customers in (a) above.
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Purchase bike equipment by signing a note with the bank for $18,000.
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Pay utilities of $3,300 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.)
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