Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $165,000 cash, office equipment with a value of $5,200, and $78,000 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 $6,900 cash and signing a long-term note payable for $50,100. c. The company purchased a portable building with $52,000 cash and moved it onto the land acquired in b. d. The company paid $4,500 cash for the premium on an 18-month insurance policy. e. The company completed and delivered a set of plans for a client and collected $8,300 cash. f. The company purchased $35,000 of additional drafting equipment by paying $10,900 cash and signing a long-term note payable for $24,100. g. The company completed $17,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,550 of additional office equipment on credit. i. The company completed engineering services for $24,000 on credit. j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,535 rent cost must be paid within 30 days. k. The company collected $7,000 cash in partial payment from the client described in transaction g. I. The company paid $2,500 cash for wages to a drafting assistant. m. The company paid $1,550 cash to settle the account payable created in transaction h. n. The company paid $1,055 cash for minor maintenance of its drafting equipment. o. The company paid a $10,810 cash dividend. p. The company paid $2,400 cash for wages to a drafting assistant. q. The company paid $2,800 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); Common Stock (307); Dividends (319); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); 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.