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

a$.$ J$.$ Aracel, the owner, invested $$175,000$ cash, office equipment with a value of $$8,500,$ and $$62,000$ of drafting equipment to launch

the company in exchange for common stock.

b$.$ The company purchased land worth $$57,000$ for an office by paying $$9,900$ cash and signing a note payable for $$47,100.$

c$.$ The company purchased a portable building with $$57,000$ cash and moved it onto the land acquired in $b.$

d$.$ The company paid $$2,500$ cash for the premium on an $18-$month insurance policy.

e$.$ The company provided services to a client and collected $$9,200$ cash.

f$.$ The company purchased $$33,000$ of additional drafting equipment by paying $$10,300$ cash and signing a note payable for $$22,700.$

g$.$ The company completed $$18,500$ of services for a client. This amount is to be received in $30$ days.

h$.$ The company purchased $$1,650$ of additional office equipment on credit.

i$.$ The company completed $$23,000$ of services for a customer on credit.

j$.$ The company purchased $$1,432$ of TV advertising on credit.

k$.$ The company collected $$5,000$ cash in partial payment from the client described in transaction $g.$

I. The company paid $$2,100$ cash for employee wages.

m $.$ The company paid $$1,650$ cash to settle the account payable created in transaction $h.$

n$.$ The company paid $$965$ cash for repairs.

o$.$ The company paid a $$10,430$ cash dividend.

p$.$ The company paid $$2,400$ cash for emplotee wages.

q$.$ The company paid $$2,800$ 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.