In peyton v. quality motors, a state supreme court held that a minor could cancel a contract for the sale of a car. now a trial court in the same state is deciding rikki v. street deals, inc., a case with similar facts. under the doctrine of stare decisis, the trial court is likely . order the minor to cancel the contract. b. disregard the peyton case. c. require the minor to fulfill the contract. d. allow the minor to cancel the contract.

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 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.)