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

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

Assets = Liabilities + Stockholder's equity

Explanation:

(a) Provide services to customers on account for $50,000.

Account receivable=equity ( net income (revenue)

50000=50000

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

Cash=-(account receivable)

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

equipment=account payable

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

-cash=-equity ( expenses)

answer; ///blank(1); dealers; blank(2); brokers;

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