Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $9,000, and $75,000 of drafting equipment to launch the company. b. The company purchased land worth $53,000 for an office by paying $7,800 cash and signing a long-term note payable for $45,200. c. The company purchased a portable building with $56,000 cash and moved it onto the land acquired in b. d. The company paid $3,800 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 $6,600 cash. f. The company purchased $27,000 of additional drafting equipment by paying $11,500 cash and signing a long-term note payable for $15,500. g. The company completed $18,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,250 of additional office equipment on credit. 1. The company completed engineering services for $23,000 on credit. J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,499 rent cost must be paid within 30 days. k. The company collected $5,000 cash in partial payment from the client described in transaction g. 1. The company paid $2,200 cash for wages to a drafting assistant. m. The company paid $1,250 cash to settle the account payable created in transaction h. n. The company paid $1,030 cash for minor maintenance of its drafting equipment. o. Jenna Aracel withdrew $10,670 cash from the company for personal use. p. The company paid $1,000 cash for wages to a drafting assistant. 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); 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.