Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company. b. The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a note payable for $42,700. c. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. d. The company paid $3,000 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $6,200 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a note payable for $10,500. g. The company completed $14,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,150 of additional office equipment on credit 1. The company completed $22,000 of services for a customer on credit J. The company purchased $1,333 of TV advertising on credit. k. The company collected $7,000 cash in partial payment from the client described in transaction g 1. The company paid $1,200 cash for employee wages. m. The company paid $1,150 cash to settle the account payable created in transaction h n. The company paid $925 cash for repairs. o. J. Aracel withdrew $9,480 cash from the company for personal use. p. The company paid $1,200 cash for employee wages. q. The company paid $2,500 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. 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Transaction Debit Credit Balance Transaction 106: Accounts Receivable Debit Credit Balance Transaction 108: Prepaid Insurance Debit Credit Balance Transaction 163: Office Equipment Debit Credit Balance 164: Drafting Equipment 170: Building Transaction 164: Drafting Equipment 170: Building Debit Credit Balance Transaction Debit Credit Balance 172: Land 201: Accounts Payable Transaction Debit Credit Balance Transaction Debit Credit Balance 250: Notes Payable 301: J. Aracel, Capital Transaction Debit Credit Balance Transaction Debit Credit Balance Transaction 302: J. Aracel, Withdrawals 403: Services Revenue Debit Credit Balance Transaction Debit Credit Balance Transaction 302: J. Aracel, Withdrawals Debit 403: Services Revenue. Credit Balance Transaction Debit Credit Balance 601: Wages Expense Transaction Debit Credit Balance Transaction. 604: Repairs Expense Transaction Debit Credit Balance 603: Advertising Expense Debit ARACEL ENGINEERING Trial Balance June 30 Totals $ EA Debit Credit 0 $ 0