Aracel Engineering completed the follewing tonsactions in the menth of June. a. Jenty Arece, the owner, invested $2+5,000 cesh, office eyuipment with a velue of $6,100, snd $70,000 of drafting equipment to latanch the compary in excharge for cemman stock. b. The compary purchased land warth $55,000 for an atfice by paying $8,400 cash and sigring a lang term note payable for 346600. c. The compary purchased a portabla hualding with $54,000 cash and mowed in orta the tand acruired in o d. The compary peid $2,200 cash for the premium on an 18 -month insurance policy. e. The compery provited services to a client and collected $7900 cosh. f. The compary purchased $31,000 of addltionsl drafting equiament by paying $9900 cash and sigring a lang-term note 9 aryabla for 321,100 . 9. The compery cempleted $15000 of services for a client. This emount is to be received in 30 days. h. The compary purchased $1,800 of additianal orlice oquipment on credit. i. The compary completed $20,000 of services for a customer on credit j. The compary purchased $1,631ofTV advertising on credit. k. The compary collected $9,000 cash in partial payment from the clent described in trarsaction g. L. The compary poid $1,500 cash for employee weges. m. The compary piid $1,80Bosh to settle the accourt payable craated in transiction h n. The compary paid $1,010 cash for repairs. a. The compery psid a $9760 cash dividend p. The compary poid $2,AD0 cash for amplayae wages. q. The compary paid $2,700 cash for achertisemerts on the web during June. Reuired: 1. Prepere general joumal entries to record these transactions using the folowirg titles Cesh (101t: Accounts Receivale [906) Notes Psygble 12500, Common Stock $307, Dividends (319); Services Revenue (400): Wuges Caperse (6011; Advertisirg Cxpense (603): and Repairs Fxpense [EO4) 2. Post the journal entries from part 1 to the ledger accourts. 3. Prepere 8 trisl bularice us of the end of June. Complete this question ly entering your answers in the tabs below