11 Aracel Engineering completed the following transactions in the month of June 6. Jenna Arocel the owner, invested 5215,000 cash office equipment with a value or $8.900 and $63,000 of drafting equipment to launch the company b. The company purchased and worth $54,000 for an office by paying 58.600 cash and signing a long term note payable foc $45,400 c. The company purchased a portable building with $60,000 cash and moved it onto the land acquired in b. d. The company paid $4100 cash for the premium on an 18-month insurance policy e. The company completed and delivered a set of plans for a client and collected $8.500 cash t. The company purchased $29,000 of additional drafting equipment by paying $1.200 cash and signing a long term note payable for $17,800 a. The company completed $15.000 of engineering services for a cuent. This amount is to be recewed in 30 day h. The company purchased $1,800 of additional office equipment on credit L. The company completed engineering services for $25,000 on credit J. The company received a bit for rent of equipment that was used on a recently completed job. The $1.420 rent cost must be paid within 30 days k. The company collected $5,000 cash in partial payment from the client described in transaction 1. The company paid $1,400 cash for wnges to a drafting assistant m. The company paid $1,800 cash to settle the account payable created in transaction n. The company paid $1.030 cash for minor maintenance of its drafting equipment ..Jenna Aracel withdrew $10,910 cash from the company for personal use. D. The company paid 51,700 cash for wages to a crafting assistant 9. The company paid $4,500 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 (201) Notes Payable (250): J.Aracel Capital (31. Aracel, Withdrawals (302) Engineering Fees Eamed (4021: Wages Expense (601) Equipment Rental Expense (602): 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. Complete this question by entering your answers in the tabs below. Hequired 1 Required 2 Required 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 (201): Notes Payable (250); 2. Aracel, Capital (301), 3. Nacel, Withdrawals (302); Engineering Fees Eamed (402) Wages Expense (601), Equipment Rental Expense (602); Advertising Expense (603), and Repairs Expense (604) Show less View transaction lit Journal entry worksheet 7 17