Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $175,000 cash, office equipment with a value of $8,200, and $68,000 of drafting equipment to launch the company. b. The company purchased land worth $50,000 for an office by paying $7.000 cash and signing a long-term note payable for $43.000 C. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. d. The company paid $2,600 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 $26,000 of additional drafting equipment by paying $9,500 cash and signing a long term note payable for $16.500 9. The company completed $19,000 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,850 of additional office equipment on credit i. The company completed engineering services for $28,000 on credit J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,555 rent cost must be paid within 30 days k. The company collected $10,000 cash in partial payment from the client described in transaction g. 1. The company paid $1.400 cash for wages to a drafting assistant m. The company paid $1.850 cash to settle the account payable created in transaction h. n. The company paid $1,090 cash for minor maintenance of its drafting equipment o. Jenna Aracel withdrew $9.900 cash from the company for personal use. p. The company paid $1,700 cash for wages to a drafting assistant 9. The company paid $3.700 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. Pro 15 15 985 Nort