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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 $30,000 b. Receive cash

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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 $30,000 b. Receive cash of $22,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $15,000. d. Pay utilities of $3,000 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) (b) increase (b) decrease (c)

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