The following transactions occur for Badger Biking Company during the month of June:
a. Provide services to customers on account for $40,000.
b. Receive cash of $32,000 from customers in (a) above.
c. Purchase bike equipment by signing a note with the bank for $25,000.
d. Pay utilities of $4,000 for the current month.
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.
Assets = Liabilities + Stockholders' Equity
(a)
(b)
(c)
(d)