Answer Happy

The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $50,000. b. Purchase bike equipment by signing a note with the bank for $35,000. c. Repay $10,000 of the note in (b) above. 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. (Decreases to account classifications should be entered as a negative.) X Answer is not complete. Transaction Assets Liabilities + Stockholders' Equity (a) + 50,000 (b) 35,00 + (c) + (d) + $ $ 50,000✓ = $