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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 $47,000. b. Purcilase bike equipment by signing a note with the bank
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3 votes
3 votes
The following transactions occur for Badger Biking Company during the month of June:

a. Provide services to customers on account for $47,000.
b. Purcilase bike equipment by signing a note with the bank for $39,000.
c. Repay $32,000 of the note in (b) above.
d. Pay utilities of $4.700 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
()
G
Assets
""
11
Liabilities
Stockholders
Equity

User Bes Ley
by
2.8k points

1 Answer

21 votes
21 votes

Answer:

The following transactions occur for Badger Biking Company during the month of June:

a. Provide services to customers on account for $47,000.

b. Purcilase bike equipment by signing a note with the bank for $39,000.

c. Repay $32,000 of the note in (b) above.

d. Pay utilities of $4.700 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

()

G

Assets

""

11

Liabilities

Stockholders

Equity

User Rashed Rahat
by
2.4k points
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