Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $165,000 cash, office equipment with a value of $8,900, and $64,000 of drafting equipment to launch the company. b. The company purchased land worth $52,000 for an office by paying $9,800 cash and signing a long-term note payable for $42,200 c. The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b. d. The company paid $3,700 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 $10,000 cash. t. The company purchased $21,000 of additional drafting equipment by paying $11.900 cash and signing a long-term note payable for $9,100 g. The company completed $14.500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,800 of additional office equipment on credit. 1. The company completed engineering services for $24,000 on credit. J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,435 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 $1,600 cash for wages to a drafting assistant. m. The company paid $1800 cash to settle the account payable created in transaction h. n. The company paid $990 cash for minor maintenance of its drafting equipment. o. Jenna Aracel withdrew $10,760 cash from the company for personal use. p. The company paid $2,400 cash for wages to a drafting assistant. 4. The company paid $4,400 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); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (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