The following transactions occur for Badger Biking Company during the month of June: a. Provide services to
Question:
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.
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a b c d Assets 50000 ...View the full answer
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Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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