Aracel Engineering completed the following transactions in the month of June.

J. Aracel, the owner, invested $225,000 cash, office equipment with a value of $8,500, and $62,000 of drafting equipment to launch the company in exchange for common stock.

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

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

The company paid $4,400 cash for the premium on an 18-month insurance policy.

The company provided services to a client and collected $9,500 cash.

The company purchased $29,000 of additional drafting equipment by paying $11,800 cash and signing a note payable for $17,200.

The company completed $18,000 of services for a client. This amount is to be received in 30 days.

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

The company completed $27,000 of services for a customer on credit.

The company purchased $1,575 of TV advertising on credit.

The company collected $8,000 cash in partial payment from the client described in transaction g.

The company paid $1,400 cash for employee wages.

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

The company paid $1,075 cash for repairs.

The company paid a $10,000 cash dividend.

The company paid $2,000 cash for employee wages.

The company paid $2,900 cash for advertisements on the Web during June.

1. journal entry

2. entry to ledger account

3. then trial balance