2 3.12 point eBook Aracel Engineering completed the following transactions in the month of June. 1. J. Aracel, the owner, Invested $220.000 cash, office equipment with a value of $8.100 and $65.000 of drafting equipment to launch the company in exchange for common stock b. The company purchased and worth $57,000 for an office by paying $8.700 cash and signing a note payable for $48,300 $a . c. The company purchased a portable building with $52.000 cash and moved it onto the land acquired in d. The company paid $4.800 cash for the premium on an 18-month insurance policy e. The company provided services to a client and collected $8.800 cash. 1. The company purchased $32.000 of additional drafting equipment by paying $10.200 cash and signing a note payable for $21.800. 9. The company completed S15.500 of services for a client . This amount is to be received in 30 days h. The company purchased $1.850 of additional office equipment on credit. 1. The company completed $21000 of services for a customer on credit J. The company purchased $1.433 of TV advertising on credit k. The company collected $8.000 cash in partial payment from the client described in transaction g. 1. The company paid $1000 cash for employee wages. m. The company paid $1850 cash to settle the account payable created in transaction 12. n. The company paid $965 cash for repairs o. The company paid a $10.130 cash dividend. p. The company paid $2,000 cash for employee wages. 9. The company paid $3700 cash for advertisements on the Web during June Print References Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101) Accounts Receivable (106] Prepaid Insurance 1081 Office Equipment (163) Drafting Equipment (164); Building (1708: Land (172x: Accounts Payable (201: Notes Payable (250): Common Stock (307): Dividends (319): 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. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. Transaction Transaction 101: Cash Debit Credit 220.000 1,850 8.700 Balance 220.000 218.150 200.450 105: Accounts Receivable Debit Credit 8.000 15.500 21,000 Balance (3.000) ) 7.500 28,500 la