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The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on
Posted: Wed Jul 06, 2022 6:10 am
by answerhappygod
- The Following Transactions Occur For Badger Biking Company During The Month Of June A Provide Services To Customers On 1 (45.73 KiB) Viewed 10 times
The following transactions occur for Badger Biking
Company during the month of June: a. Provide services to customers on account for $42,000. b. Purchase bike equipment by signing a note with the bank for $34,000. c. Repay $27,000 of the note in (b) above. d. Pay utilities of $4,200 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 (a) (b) (c) (d) Assets II II 11 Liabilities + + + + Stockholders' Equity