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 $9,900, and $62,000 of drafting equipment to launch the company. b. The company purchased land worth $57,000 for an office by paying $9,300 cash and signing a note payable for $47,700. c. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b d. The company paid $4.900 cash for the premium on an 18-month Insurance policy e. The company provided services to a client and collected $7,800 cash. f. The company purchased $35,000 of additional drafting equipment by paying $10,700 cash and signing a note payable for $24,300. g. The company completed $16,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,950 of additional office equipment on credit 1. The company completed $25,000 of services for a customer on credit. J. The company purchased $1,414 of TV advertising on credit. k. The company collected $6,000 cash in partial payment from the client described in transaction g 1. The company paid $2,200 cash for employee wages. m. The company paid $1,950 cash to settle the account payable created in transaction h n. The company paid $1,185 cash for repairs. o. J. Aracel withdrew $9,200 cash from the company for personal use p. The company paid $2,100 cash for employee wages. q. The company paid $4,100 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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); 3. Aracel, Capital (301); J. Aracel, Withdrawals (302); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604). View transaction list worksheet Show less A