20.00 points Shelton Engineering completed the following transactions in the month of June. a. Shana Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment longterm note payable for $48,600 to launch the company b. The company and worth $54,000 for an office by paying $5,400 cash and signing a c. The company purchased a portable building with $75,000 cash and moved it onto the land acquired in b d. The company paid $6,000 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 $5,700 cash. he company purchased $22,500 of additional drafting equipment by paying $10,500 cash and signing a long-term g. The company note payable for $12,000. $12,000 of engineering services for a client. This amount is to be received in 30 days h. The company purchased $2,250 of additional office equipment on credit i. The company completed engineering services for $18,000 on credit . The company received a bill for rent of equipment that was used on a recently conipleted job. The $1,200 rent cost must be paid within 30 days k. The company collected $7.200 cash in partial payment from the client described in transaction g. L The company paid $1,500 cash for wages to a drafting assistant. m. The company paid $2,250 cash to settle the account payable created in transaction h. n. The y paid $675 cash for minor maintenance of its drafting equipment. o. S. Shelton withdrew $9,360 cash from the company for personal use. p. The company paid $1,500 cash for wages to a drafting assistant. q. The company paid $3,000 cash for in the local newspaper during June. Required: Office Equipment, Drafting E Capital, S Building, Land, Accounts Payable, Notes Payable, S. Shelton, Earned, Wages and Repairs Expense.(Omit the "$" sign in your response.) 105,000 6,000 45,000 Office equipment Drafting equipment S. Shelton, Capital 2. Open the ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts and enter the balance after each posting. (Record the transactions in given order. Leave no cells blank- be certain to enter "O" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.) Cash Date Debit 10500 10500 5400 75000 75000 5700 5700 1500 1500 675 9360 1500 675 1500 8250 156000 ment Drafting Equipment Debit Debit Credit 75000 75000 Credit Credit t for Chapter 2 S. S. as at the end of June. (Be sure to list assets in the order of their liquidity The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity vand Expenees Omit the5 sign in your response) SHELTON ENGINEERING June 30 2715 68,175 54,000 6,000 Accounts receivable 22,800 3,000 3,000 1,200 Re
