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

question 161

Essay

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.Prepare a trial balance in proper format.Assume that there are no additional accounts or balances other than those created from the June transactions.

---

Definitions:

Trait Theory

A theory of personality that focuses on the identification and measurement of specific characteristics or traits that differentiate individuals.

Leadership Traits

Characteristics or qualities that are generally considered to contribute to an individual's effectiveness as a leader.

Leader Effectiveness

The extent to which a leader is able to inspire, influence, and enable others to contribute towards the success and objectives of an organization.

Contingent Leader Punishment

A leadership approach where the application of penalties or corrective measures by a leader is dependent on the specific circumstances or behaviors exhibited by team members.