Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $250,000 cash, office equipment with a value of $9,300, and $66,000 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 $6,700 cash and signing a long-term note payable for $52,300. c. The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b. d. The company paid $4,300 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 $7.000 cash. f. The company purchased $33,000 of additional drafting equipment by paying $9.200 cash and signing a long-term note payable for $23,800. 9. The company completed $16,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1.450 of additional office equipment on credit. i. The company completed engineering services for $27000 on credit. J. The company received a bill for rent of equipment that was used on a recently completed job. The $1.310 rent cost must be paid within 30 days k. The company collected $5,000 cash in partial payment from the client described in transaction g. 1. The company paid $2,400 cash for wages to a drafting assistant m. The company paid $1.450 cash to settle the account payable created in transaction n. The company paid $965 cash for minor maintenance of its drafting equipment. o. The company paid a $9.400 cash dividende p. The company paid $2,200 cash for wages to a drafting assistant. 9. The company paid $2,700 cash for advertisements on the Web during June. Post the journal entries from part 1 to the ledger accounts. 101: Cash Transaction Debit Credit 106: Accounts Receivable Debit Credit Balance Transaction Balance 108: Prepaid Insurance Debit Credit 163: Office Equipment Debit Credit Transaction Balance Transaction Balance Transaction 164: Drafting Equipment Dobit Credit Balance Transaction 170: Building Debit Credit Balance 172: Land Debit Credit 201: Accounts Payable Debit Credit Transaction Balance Transaction Balance 250: Notes Payablo Debit Credit 307: Common Stock Debit Transaction Balance Transaction Credit Balance 319: Dividends Debit Credit 402: Engineering Fees Earned Debit Credit Transaction Balance Transaction Balance Transaction 601: Wages Expenso Debit Credit Balance Transaction 602: Equipment Rental Exponse Debit Credit 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 Totals $ 0 $ 0