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

a$.$ J$.$ Aracel, the owner, invested $$200,000$ cash, office equipment with a value of $$8,200,$ and $$69,000$ of drafting equipment to

launch the company in exchange for common stock.

b$.$ The company purchased land worth $$57,000$ for an office by paying $$8,500$ cash and signing a note payable for $$48,500.$

c$.$ The company purchased a portable building with $$54,000$ cash and moved it onto the land acquired in $b.$

d$.$ The company paid $$4,800$ cash for the premium on an $18-$month insurance policy.

e$.$ The company provided services to a client and collected $$8,200$ cash.

f$.$ The company purchased $$23,000$ of additional drafting equipment by paying $$11,800$ cash and signing a note payable for $$11,200.$

g$.$ The company completed $$18,000$ of services for a client. This amount is to be received in $30$ days.

h$.$ The company purchased $$1,350$ of additional office equipment on credit.

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

j$.$ The company purchased $$1,395$ of TV advertising on credit.

k$.$ The company collected $$6,000$ cash in partial payment from the client described in transaction $g.$

I. The company paid $$2,300$ cash for employee wages.

m$.$ The company paid $$1,350$ cash to settle the account payable created in transaction $h.$

n$.$ The company paid $$1,145$ cash for repairs.

o$.$ The company paid a $$10,210$ cash dividend.

p$.$ The company paid $$1,300$ cash for employee wages.

q$.$ The company paid $$3,700$ cash for advertisements on the Web during June.

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.$\backslash$table$[[$ARACEL ENGINEERING$],[$Trial Balance$],[$June $30],[,,$ebit,,Credit$],[$Cash$,$$$,115,095,,],[$Accounts receivable,,$37,000,,],[$Prepaid insurance,,$4,800,,],[$Office equipment,,$32,550,,],[$Drafting equipment,,$92,000,,],[$Land$,,57,000,,],[$Building$,,54,000,,],[$Wages expense,,$3,600,,],[$Advertising expense,,$5,095,,],[$Repairs expense,,$1,145,,],[$Accounts payable,,,,$11,200],[$Notes payable,,,,$59,700],[$Common stock,,,,$200,000],[$Dividends$,,,,10,210],[$Services revenue,,,,$43,000],[$Totals$,$$$,402,285,$$$,324,110]]$