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
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