Aracel Engineering completed the following transactions in the month of June. 20 points Skipped eBook Print References a. Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $5,600, and $61,000 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 $8,900 cash and signing a long-term note payable for $48,100. c. The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b. d. The company paid $4,100 cash for the premium on an 18- month insurance policy. 20 points Skipped eBook Print e. The company completed and delivered a set of plans for a client and collected $6,800 cash. f. The company purchased $24,000 of additional drafting equipment by paying $11,100 cash and signing a long-term note payable for $12,900. g. The company completed $15,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,550 of additional office equipment on credit. i. The company completed engineering services for $20,000 on credit. j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,656 rent cost must be paid within 30 days. References 20 points Skipped eBook k. The company collected $7,000 cash in partial payment from the client described in transaction g. I. The company paid $1,900 cash for wages to a drafting assistant. n. The company paid $1,550 cash to settle the account payable created in transaction h. n. The company paid $1,040 cash for minor maintenance of its drafting equipment. o. The company paid $9,060 cash in dividends. p. The company paid $2,400 cash for wages to a drafting assistant. q. The company paid $4,000 cash for advertisements on the Web during June. Print References Required: 1. Prepare general journal entries