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The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $39,000. b. Receive
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $39,000. b. Receive cash of $31,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $24,000. d. Pay utilities of $3,900 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.) Transaction Assets Liabilities Stockholders Equity (a) $ 39,000 $ 39,000 (b) increase $ 31,000 (b) decrease $ (31.000) (c) $ 24,000) $ 24,000 (d)
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