Aracel Engineering completed the following transactions in the month of June.

a$.$ J$.$ Aracel, the owner, invested $$200,000$ cash, office equipment with a value of $$7,800,$ and $$68,000$ of drafting equipment to

launch the company in exchange for common stock.

b$.$ The company purchased land worth $$52,000$ for an office by paying $$7,700$ cash and signing a note payable for $$44,300.$

c$.$ The company purchased a portable building with $$53,000$ cash and moved it onto the land acquired in $b.$

d$.$ The company paid $$2,700$ cash for the premium on an $18-$month insurance policy.

e$.$ The company provided services to a client and collected $$8,600$ cash.

f$.$ The company purchased $$29,000$ of additional drafting equipment by paying $$10,000$ cash and signing a note payable for $$19,000.$

g$.$ The company completed $$18,000$ of 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 $$25,000$ of services for a customer on credit.

j$.$ The company purchased $$1,677$ of TV advertising on credit.

k$.$ The company collected $$9,000$ cash in partial payment from the client described in transaction $g.$

I. The company paid $$1,200$ cash for employee wages.

m$.$ The company paid $$1,500$ cash to settle the account payable created in transaction $h.$

n$.$ The company paid $$1,030$ cash for repairs.

o$.$ The company paid a $$9,460$ cash dividend.

p$.$ The company paid $$1,700$ cash for employee wages.

q$.$ The company paid $$2,900$ 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 $(250)$; Common Stock $(307)$; Dividends $(319)$; 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.