The Following Transactions Occurred During June Year 1:
June $\quad$

question 227

Essay

The following transactions occurred during June Year 1:
June 1 $\quad$ The company purchased a service truck for $\$ 25,500$ , paying $\$ 5,500$ now and issuing 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 $\quad$ The company performed services of $\$ 30,400$ . It received $\$ 6,400$ cash from customers and $\$ 24,000$ for customers billed for completed services.

June 22 $\quad$ The company issued common shares in exchange for land having a fair value of $\$ 70,000$

June 30 $\quad$ The company received an invoice for $\$ 2,400$ from the company's advertising agency for radio and television ads which were run during the month; the invoice is due in 30 davs.

-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.

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Definitions:

Main Clause

A group of words that contains a subject and a predicate, expressing a complete thought and can stand alone as a sentence.

Tone

The attitude or approach that the writer or speaker takes towards the subject or the audience, often conveyed through word choice and style.

Structure

The arrangement or framework of interconnected elements in a system, organization, or composition.

Business Emails

Electronic mail messages that are used for professional correspondence between individuals in a business context.