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Question - Analyze the impact of transactions

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Question - Analyze the impact of transactions on the accounting equation

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

1. Provide services to customers on account for $42,000.

2. Receive cash of $34,000 from customers in (a) above.

3. Purchase bike equipment by signing a note with the bank for $27,000.

4. Pay utilities of $4,200 for the current month.

Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.

Reference no: EM132637317

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