Aracel Engineering completed the following transactions in the month of June.J. Aracel, the owner, invested $155,000 cash, office equipment with a value of $9,800, and $61,000 of drafting equipment to launch the company.The company purchased land worth $54,000 for an office by paying $6,600 cash and signing a note payable for $47,400.The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b.The company paid $4,300 cash for the premium on an 18-month insurance policy.The company provided services to a client and collected $9,300 cash.The company purchased $34,000 of additional drafting equipment by paying $11,700 cash and signing a note payable for $22,300.The company completed $17,500 of services for a client. This amount is to be received in 30 days.The company purchased $1,100 of additional office equipment on credit.The company completed $25,000 of services for a customer on credit.The company purchased $1,608 of TV advertising on credit.The company collected $9,000 cash in partial payment from the client described in transaction g.The company paid $1,600 cash for employee wages.The company paid $1,100 cash to settle the account payable created in transaction h.The company paid $1,180 cash for repairs.J. Aracel withdrew $10,950 cash from the company for personal use.The company paid $1,100 cash for employee wages.The company paid $3,200 cash for advertisements on the Web during June.

required:1. 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).2. Post the journal entries from part 1 to the ledger accounts.3. Prepare a trial balance as of the end of June.