(All part of the same question)

Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $195,000 cash, office equipment with a value of $7,300, and $64,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $59,000 for an office by paying $9,800 cash and signing a long-term note payable for $49,200. c. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b. d. The company paid $4,400 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 $9,300 cash. 1. The company purchased $33,000 of additional drafting equipment by paying $11,400 cash and signing a long-term note payable for $21,600 g. The company completed $15,000 of engineering 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. i. The company completed engineering services for $22,000 on credit J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,508 rent cost must be paid within 30 days. k. The company collected $6,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,800 cash for wages to a drafting assistant m. The company paid $1,850 cash to settle the account payable created in transaction h. n. The company paid $1.030 cash for minor maintenance of its drafting equipment. o. The company paid $9,170 cash in dividends. p. The company paid $2,400 cash for wages to a drafting assistant 4. The company paid $3,900 cash for advertisements on the Web during June. k. The company collected $6,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,800 cash for wages to a drafting assistant m. The company paid $1,850 cash to settle the account payable created in transaction h. n. The company paid $1,030 cash for minor maintenance of its drafting equipment o. The company paid $9.170 cash in dividends. p. The company paid $2,400 cash for wages to a drafting assistant 4. The company paid $3,900 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); Common Stock (307); Dividends (319); Engineering Fees Earned (402); 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. Required 1 Required 2 Required 3 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); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). Show less View transaction list View journal entry worksheet No Tranasaction Account Title Debit Credit 1 a Cash Office equipment Drafting equipment Common stock 195,000 7,300 64,000 266,300 2 b Land 59,000 Cash Notes payable 9,800 49,200 3 c 53,000 Building Cash 53,000 4 d 4,400 Prepaid insurance Cash 4,400 5 e 9,300 Cash Engineering fees earned 9,300 6 f 33,000 Drafting equipment Cash Notes payable 11,400 21,600 7 g Accounts receivable 15,000 Ann 7 g 15,000 Accounts receivable Engineering fees earned 15,000 8 h 1,850 Office equipment Accounts payable 1,850 9 22,000 Accounts receivable Engineering fees eamed 22,000 10 1 1,508 Equipment rental expense Accounts payable 1,508 11 K 6,000 Cash Accounts receivable 6,000 12 1.800 Wages expense Cash 1,800 13 m 1,850 Accounts payable Cash 1,850 14 n 1,030 Repairs expense Cash 1,030 19 : - 12 1,800 Wages expense Cash 1,800 13 m 1,850 Accounts payable Cash 1,850 14 n 1,030 Repairs expense Cash 1,030 15 o 9,170 Dividends Cash 9,170 16 P 2,400 Wages expense Cash 2,400 17 3,900 Advertising expense Cash 3,900 Required Required 2 > Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit Transaction 106: Accounts Receivable Debit Credit Balance Transaction Balance 108: Prepaid Insurance Dobit Credit 163: Office Equipment Debit Credit Transaction Balance Transaction Balance 108: Prepaid Insurance Debit Credit 163: Office Equipment Debit Credit Transaction Balance Transaction Balance 164: Drafting Equipment Debit Credit 170: Building Debit Credit Transaction Balance Transaction Balance 172: Land Debit Credit 201: Accounts Payable Debit Credit Transaction Balance Transaction Balance 250: Notes Payable Debit Credit 307: Common Stock Debit Credit Transaction Balance Transaction Balance 307: Common Stock 250: Notes Payable Debit Credit Transaction Balance Transaction Debit Credit Balanco 319: Dividends Debit Credit 402: Engineering Fees Earned Debit Credit Transaction Balance Transaction Balance 601: Wages Expense Debit Credit 602: Equipment Rental Expenso Debit Credit Transaction Balance Transaction Balance 603: Advertising Expense Debit Credit 604: Repairs Expense Debit Credit Transaction Balance Transaction Balance 601: Wages Expense Debit Credit Transaction 602: Equipment Rental Expense Debit Credit Balance Transaction Balance 603: Advertising Expense Debit Credit 604: Repairs Expense Debit Credit Transaction Balance Transaction Balance Prepare a trial balance as of the end of June. ARACEL ENGINEERING Trial Balance June 30 Debit Credit Cash Accounts receivable Prepaid insurance Office equipment Drafting equipment Building Land Accounts payable Notes payable Common stock Dividends Engineering fees earned Wages expense Equipment rental expense Advertising expense Repairs expense Totals 0 $ 0