The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account for $41,000. Receive cash of $33,000 from customers in (a) above. Purchase bike equipment by signing a note with the bank for $26,000. Pay utilities of $4,100 for the current month.

A company's total equity is calculated by subtracting its liabilities from its assets. The sequences of the transactions are increase, no change, increase, and decrease for the transactions that occurred in Badger Biking Company.

What are the effects of the above transactions?

[tex]\text{Assets = Liabilities + Stockholder's Equity}\\\\\\text{a)} 41,000= (.....) +41,000\\\\\text{b)} \\\\\text{c)} 26,000 = 26,000 + (.....)\\\\\text{d)} (4,100) = (.....) + (4,100) \\[/tex]

Note: (.....) means blank, no transactions.

Transactions in parenthesis denote they are negative.

a) Accounts Receivable (AR) increase, Service Revenue (SR) increases: AR is an asset, SR is a stockholder's equity.

b) Accounts Receivable (AR) decrease, Cash Account increases. There is a change of asset structure only.

c) Equipment increases, Notes payables increase: Equipment is an asset, and Notes payables are liabilities.

d) Cash account decreases, utility expenses increases, this means that stockholder's equity decreases.

Results

a) Increase

b) No change

c) Increase

d) decrease

For more information about the transactions, refer below

https://brainly.com/question/5713357