Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $9,700, and $60,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $57,000 for an office by paying $9,700 cash and signing a long-term note payable for $47,300. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $3,900 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 $9,200 cash. f. The company purchased $34,000 of additional drafting equipment by paying $9,200 cash and signing a long-term note payable for $24,800. 9. The company completed $13,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,500 of additional office equipment on credit. I. The company completed engineering services for $23,000 on credit J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,394 rent cost must be paid within 30 days k. The company collected $7.000 cash in partial payment from the client described in transaction g. 1. The company paid $1200 cash for wages to a drafting assistant. m. The company paid $1.500 cash to settle the account payable created in transaction h. n. The company paid $1,190 cash for minor maintenance of its drafting equipment. o. The company paid a $10,130 cash dividend, p. The company paid $2.500 cash for wages to a drafting assistant. 9. The company paid $2,800 cash for advertisements on the Web during June. Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101): Accounts Receivable (106): Prepaid Insurance (108); Office Equipment (163): Drafting Equipment (164); Building (170): Land (172): Accounts Payable (201): Notes Payable (250): Common Stock (307); Dividends (319); Engineering Fees Eamed (402) Wages Expense (601): Equipment Rental Expense (602): Advertising Expense (603) and Repairs Expense (604). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of June. Complete this question by entering your answers in the tabs below