1. Prepare general Journal entries to record these transactions using the following Cash (101Accounts Receivable (106) Insurance (108), Equipment (163) Drafting Equipment (164) Building 170), Land (172Accounts Payable ; Notes Payable 250)J. Aracel (301): AracelWithdrawals (302) ; Services Revenue (403)Expense (Advertising Expense (603) and Repairs Expense ( 604) 2. Post the jouma entries from part the ledger accounts. 3. Prepare a trial balance as of the end of June

Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $215,000 cash, office equipment with a value of $6,100, and $68,000 of drafting equipment to launch the company b. The company purchased land worth $58,000 for an office by paying $7,800 cash and signing a note payable for $50,200. c. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b. d. The company paid $2,900 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $8,500 cash. 1. The company purchased $28,000 of additional drafting equipment by paying $9,700 cash and signing a note payable for $18,300. 9. The company completed $17,000 of services for a client . This amount is to be received in 30 days. h. The company purchased $1.200 of additional office equipment on credit. 1. The company completed $23,000 of services for a customer on credit. J. The company purchased $1,388 of TV advertising on credit. k. The company collected $10,000 cash in partial payment from the client described in transaction g. 1. The company paid $2,500 cash for employee wages. m. The company paid $1,200 cash to settle the account payable created in transaction n. The company paid $1,110 cash for repairs. 0.J.Aracel withdrew $10,150 cash from the company for personal use. p. The company paid $2,300 cash for employee wages. 9. The company paid $3,400 cash for advertisements on the Web during June. Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108): Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable 1): Notes Payable (250); J. Aracel, Capital (301): J. Aracel. Withdrawals (302); Services Revenue (403): Wages Expense (601): Advertising Expense (603); and Repairs Expense (604). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of June