Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company. b. The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a note payable for $42,700. c. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. d. The company paid $3,000 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $6,200 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a note payable for $10,500. g. The company completed $14,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,150 of additional office equipment on credit. i. The company completed $22,000 of services for a customer on credit. J. The company purchased $1,333 of TV advertising on credit. k. The company collected $7,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,200 cash for employee wages. m. The company paid $1,150 cash to settle the account payable created in transaction /. d. The company paid $3,000 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $6,200 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing g. The company completed $14,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,150 of additional office equipment on credit. i. The company completed $22,000 of services for a customer on credit. j. The company purchased $1,333 of TV advertising on credit. k. The company collected $7,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,200 cash for employee wages. m. The company paid $1,150 cash to settle the account payable created in transaction h. n. The company paid $925 cash for repairs. o. J. Aracel withdrew $9,480 cash from the company for personal use. p. The company paid $1,200 cash for employee wages. q. The company paid $2,500 cash for advertisements on the web during June. 1. Prepare general journal entries to record these transactions (use the account titles listed in part 2). 2. Open the following ledger accounts-their account numbers are in parentheses (use the balance column format): 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); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604). Post the journal entries from part I to the accounts and enter the balance after each posting. Check Q) Ending balances: Cash $22.945, Accounts Receivable, $29,000, Accounts Payable, $1.333 3. Prepare a trial balance as of the end of June. Trial balance totals $261,733