a$.$ J$.$ Aracel, the owner, Invested $$100,000$ cash, office equipment with a value of $$5,000,$ and $$60,000$ of drafting equipment to launch the company in exchange for common stock.

b$.$ The company purchased land worth $$49,000$ for an office by paying $$6,300$ cash and signing a note payable for $$42,700.$

c$.$ The company purchased a portable building with $$55,000$ cash and moved it onto the land acquired In $b.$

d$.$ The company pald $$3,000$ cash for the premium on an $18-$month insurance policy.

e$.$ The company provided services to a client and collected $$6,200$ cash.

f$.$ The company purchased $$20,000$ of additional drafting equipment by paying $$9,500$ cash and signing a note payable for $$10,500.$

g$.$ The company completed $$14,000$ of services for a cllent. This amount is to be recelved in $30$ days.

h$.$ The company purchased $$1,150$ of additional office equipment on credit.

i$.$ The company completed $$22,000$ of services for a customer on credit.

j$.$ The company purchased $$1,333$ of TV advertising on credit.

k$.$ The company collected $$7,000$ cash in partial payment from the cllent described in transaction $g.$

I. The company pald $$1,200$ cash for employee wages.

n$.$ The company pald $$1,150$ cash to settle the account payable created in transaction $h.$

n$.$ The company paid $$925$ cash for repairs.

o$.$ The company paid a $$9,480$ cash dividend.

p$.$ The company pald $$1,200$ cash for employee wages.

q$.$ The company pald $$2,500$ cash for advertisements on the Web during June.

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 $(250)$; Common Stock $(307)$; Divldends $(319)$; Services Revenue $(403)$; Wages Expense $(601)$; Advertislng Expense $(603)$; and Repairs Expense $(604).$

Post the journal entries from part $1$ to the ledger accounts.

Prepare a trial balance as of the end of June.

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Post the journal entries from part $1$ to the ledger accounts.

$\backslash$table$[[101$: Cash$],[$Transaction$,$Debit,Credit,Balance,$],[$a$.,,100,000,,100,000],[$b$.,,,6\mathrm{.}300,93\mathrm{.}700]]$

$\backslash$table$[[106$: Accounts Receivable$],[$Transaction$,$Debit,Credit,Balance$],[0,14,000,,14,000],[2,,7\mathrm{.}000,7\mathrm{.}000]]$