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.Set up T-accounts and post each transaction to the T-accounts.

Question

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.Set up T-accounts and post each transaction to the T-accounts.

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The Answer of 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.Set up T-accounts and post each transaction to the T-accounts.

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

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