aracel engineering

Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $50,000 of drafting equ pment to launch the company. 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 buidding with $55.000 cash and moved it onto the land acaulred in b. d. The company paid $3,000 cash for the premium on an 18 -month insurance policy. e. The company provided services to a client and coltected \$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. 9. The company completed $14,000 of services for a client. This amount is to be recelved in 30 doys. 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 client described in transaction g. 1. The company paid $1,200 cash for employee wages. m. The company paid $1,150 cash to settle the account payable created in transaction h n. The company paid $925 cash for repairs. o. 1 . Aracel withdrew $9,480 cash from the company for personal use p. The company paid $1,200 cash for employee wages. Q. The company paid \$2,500 cash for advertisements on the Web during June. Required: 1. Prepare general journal entries to record theso transoctions using the following titles: Cash (10t); Accounts feceivable (106); Prepaid insurance (108); Office Equipment (163); Drafting Equipment (164); Bullding (170); Land (172): Accounts Payoble (201): Advertising Expense (603); and Repairs Expense (604) 2. Post the joumal entries from part 1 to the ledger accounts. 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of June