The following transactions occur for Badger Biking Company during the month of June: a. Provide services to

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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 $50,000.

b. Receive cash of $42,000 from customers in (a) above.

c. Purchase bike equipment by signing a note with the bank for $35,000.

d. Pay utilities of $5,000 for the current month.

Analyze each transaction and indicate the amount of increases and decreases in the accountingequation.

The following transactions occur for Badger Biking Company during the

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 15, 2014 03:27 AM

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The following transactions occur for Badger Biking Company during the month of June: a. Provide services to

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Assets Liabilities Stockholders' Equity

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Financial Accounting

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