Hatcher Tool Service
the Following Transactions Occurred During June 2013 $\quad$

Hatcher Tool Service
The following transactions occurred during June 2013:
June 1 $\quad$ Purchased a service truck for $\$ 25,500$ , paying $\$ 5,500$ now and is suing a note payable for the balance; the note is due in monthly installments of $\$ 500$ plus $10 \%$ interest on the unpaid principal balance.

June 8 $\quad$ Performed services of $\$ 30,400$ . Received $\$ 6,400$ cash from customers and $\$ 24,000$ for customers billed for completed services.

June 22 $\quad$ Issued common stock in exchange for land having a fair value of $\$ 70,000$ .

June 30 $\quad$ Received an invoice for $\$ 2,400$ from the company's advertising agency for radio and television adswhich were run during the month; the invoice is che in 30 days.


-Refer to Hatcher Tool Service.Indicate the economic effects of each transaction above on the accounting equation.Use the following format for your answers.Show the dollar amounts in the appropriate columns and use a plus (+)sign to indicate an increase and a minus (-)sign to indicate a decrease.
$\begin{array}{lc}\underline {\text { Transactions } } &&&&&\text {Stocknolders} \\\underline{\text { Date }} &\underline{\text { Assets }}&=&\underline { \text { Liabilities } } &+&\underline { \text { Equity } } \\\end{array}$