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The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $40,000. Receive cash of $32,000

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The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $40,000. Receive cash of $32,000 from customers in (a) above. Purchase bike equipment by signing a note with the bank for $25,000. Pay utilities of $4,000 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Leave no cells blank - be certain to select "0" wherever required.)

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