The following transactions occur for badger biking company during the month of june:
(a) prov...
Business, 17.09.2019 20:00 Laners0219
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 accounting equation.
assets = liabilities + stockholder's equity
Answers: 3
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