Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $215,000 cash, office equipment with a value of $5,700, and $68,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $51,000 for an office by paying $9,300 cash and signing a note payable for $41,700. c. The company purchased a portable building with $56,000 cash and moved it onto the land acquired in b. d. The company paid $4,400 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $8,800 cash. f. The company purchased $24,000 of additional drafting equipment by paying $9,100 cash and signing a note payable for $14,900. g. The company completed $14,500 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,600 of additional office equipment on credit. i. The company completed $23,000 of services for a customer on credit. j. The company purchased $1,659 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 $1,000 cash for employee wages. m. The company paid $1,600 cash to settle the account payable created in transaction h. n. The company paid $1,020 cash for repairs. o. The company paid a $9,070 cash dividend. p. The company paid $1,700 cash for employee wages. q. The company paid $3,400 cash for advertisements on the Web during June.