Aracel Engineering completed the following transactions in the month of June. a. To launch the company, Jenna Aracel, the owner, invested $215,000 cash, office equipment with a value of $8,700, and $74,000 of drafting equipment in exchange for common stock. b. The company purchased land worth $55,000 for an office by paying $9,400 cash and signing a long-term note payable for $45,600. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $3,800 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 $8,600 cash. f. The company purchased $34,000 of additional drafting equipment by paying $11,900 cash and signing a long-term note payable for $22,100. g. The company completed $15,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,100 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 $1,512 rent cost must be paid within 30 days. k.The company collected $8,000 cash in partial payment from the client described in transaction g. l. The company paid $1,900 cash for wages to a drafting assistant. m. The company paid $1,100 cash to settle the account payable created in transaction h. n. The company paid $980 cash for minor maintenance of its drafting equipment. o. The company paid $10,790 cash in dividends. p. The company paid $1,200 cash for wages to a drafting assistant. q. The company paid $3,300 cash for advertisements on the Web during June. Required: 1. Prepare general journal entries to record these transactions. 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of June.