Aracel Engineering completed the following transactions in the month of June.J$.$ Aracel, the owner, invested $$240,000$ cash, office equipment with a value of $$7,100,$ and $$71,000$ of drafting equipment to launch the company.The company purchased land worth $$49,000$ for an office by paying $$7,600$ cash and signing a note payable for $$41,400.$The company purchased a portable building with $$58,000$ cash and moved it onto the land acquired in b$.$The company paid $$3,100$ cash for the premium on an $18-$month insurance policy.The company provided services to a client and collected $$7,400$ cash.The company purchased $$26,000$ of additional drafting equipment by paying $$11,500$ cash and signing a note payable for $$14,500.$The company completed $$18,000$ of services for a client. This amount is to be received in $30$ days.The company purchased $$1,950$ of additional office equipment on credit.The company completed $$28,000$ of services for a customer on credit.The company purchased $$1,397$ of TV advertising on credit.The company collected $$6,000$ cash in partial payment from the client described in transaction g$.$The company paid $$1,800$ cash for employee wages.The company paid $$1,950$ cash to settle the account payable created in transaction h$.$The company paid $$1,145$ cash for repairs.J$.$ Aracel withdrew $$10,060$ cash from the company for personal use.The company paid $$1,300$ cash for employee wages.The company paid $$3,600$ cash for advertisements on the Web during June.Required: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 $(302)$; Services Revenue $(403)$; Wages Expense $(601)$; Advertising Expense $(603)$; and Repairs Expense $(604).$Post the journal entries from part $1$ to the ledger accounts.Prepare a trial balance as of the end of June.