2333 1 P Aracel Engineering completed the following transactions in the month of June a. J. Aracel the owner, invested $180.000 cash, office equipment with a value of $1,000, and $63,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $56,000 for an office by paying $7.300 cash and signing a note payable for $48700 e. The company purchased a portable building with $58,000 cash and moved it onto the land acquired in b d. The company paid $3,400 cash for the premium on an 18-month insurance policy e. The company provided services to a client and collected $6,800 cash. 1. The company purchased $32.000 of additional drafting equipment by paying $10,000 cash and signing a note payable for $22.000 g. The company completed $19,500 of services for a client. This amount is to be received in 30 days h. The company purchased $1,050 of additional office equipment on credit The company completed $25,000 of services for a customer on crede J. The company purchased $1699 of TV advertising on credit The company collected $9.000 cash in partial payment from the client described in transaction g The company paid $1,400 cash for employee wages m. The company paid $1050 cash to settle the account payable created in transaction n. The company paid $910 cash for or repairs. The company paid a $10.320 cash dividend p. The company paid $2.200 cash for employee wages q. The company paid $2.900 cash for advertisements on the Web during June Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (10) Accounts Receivable (106) Prepaid Insurance (108) Office Equipment (163) Drafting Equipment (164) Building (170) Land (172) Accounts Payable (201) Notes Payable (250) Common Stock (307), Dividends (19) Services Revenue (403) Wages Expense (60t Advertising Expense (603) and Repairs Expense (604) 2. Post the journal entries from part 1 to the ledger accounts 3. Prepare a trial belance as of the end of June. Complete this question by entering your answers in the tabe below. Requared2 Prepare general journal entries to record these transactions using the futowing titles: Cash (101); Accounts Receivable (106) Prepa Insurance (108) Omice Equipment (103); Drafting Equipment (1643) Busting (170) Land (172); Accounts Payable (201); Notes Pa (250); Common Stock (307) Dividends (119); Services Revenue (403); wages Expense (601)) Advertising Experse (603); and Repas Expense (604) ebook 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); Common Stock (307); Dividends (319); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604). Ask View transaction list View journal entry worksheet No Transaction Account Tille Debit Credit Prin 1 Cash 18,000 Office equipment 5,000 Drafting equipment 67,000 References S IN Building Cash 2 b Land Cash Notes payable 3 53,000 53,000 58,000 10,000 48,000 7 4 d 5 Prepaid insurance Cash Cash Required 2 4,200 4.200 Show less "WHE Post the journal entries from part 1 to the ledger accounts 101: Cash Transaction Debit Credit Balance Transaction 100 Accounts Receivable Debit Credi Balance 108 Prepaid Insurance Transaction De Credi Balance Transaction 162 Office Equipment Debit Credit Balance 164 Drafting Equipment Transaction Debit Credit Balance Transaction 170: Building Debit Credit Balance + 172. Land Tomacton De Credi Balance Transaction 201 Accounts Payale Debri Credit Balance 250 be Transaction Detal Cred Balance 307 Common Stick Debt Creall Balance 318 Coded Debat ats Services Revenue Crest Delance Tereaction Crede Dansactue 01. Wages Expense Drivst Great 663 Advertising Expens alance Sunaction Cell Blac CHAR pers Expens Credt Prepare a trial balance as of the end of June. ARACEL ENGINEERING Trial Balance June 30 Debit Credit $ 0 $ 0 Totals