Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $240,000 cash, office equipment with a value of $9,900, and $65,000 of drafting equipment to launch the company. b. The company purchased land worth $53,000 for an office by paying $6,500 cash and signing a long-term note payable for $46,500. c. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. d. The company paid $3,300 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 $7,800 cash. f. The company purchased $30,000 of additional drafting equipment by paying $9,300 cash and signing a long- term note payable for $20,700. g. The company completed $16,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,450 of additional office equipment on credit. i. The company completed engineering services for $27,000 on credit. j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,668 rent cost must be paid within 30 days. k. The company collected $9,000 cash in partial payment from the client described in transaction g. 1. The company paid $2,400 cash for wages to a drafting assistant. m. The company paid $1,450 cash to settle the account payable created in transaction h. n. The company paid $990 cash for minor maintenance of its drafting equipment. o. Jenna Aracel withdrew $10,660 cash from the company for personal use. p. The company paid $1,400 cash for wages to a drafting assistant. q. The company paid $2,700 cash for advertisements on the Web during June.