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

Question 172

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

June 8 \quad Performed services of $30,400 \$ 30,400 . Received $6,400 \$ 6,400 cash from customers and $24,000 \$ 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 \$ 70,000 .

June 30 \quad Received an invoice for $2,400 \$ 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.Prepare a trial balance in proper format.Assume that there are no additional accounts or balances other than those created from the June transactions.

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