Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $245,000 cash, office equipment with a value of $6,400, and $65,000 of drafting equipment to launch the company. b. The company purchased land worth $57,000 for an office by paying $8,700 cash and signing a note payable for $48,300. c. The company purchased a portable building with $58,000 cash and moved it onto the land acquired in b. d. The company paid $3,200 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $9,000 cash. f. The company purchased $34,000 of additional drafting equipment by paying $10,800 cash and signing a note payable for $23,200. g. The company completed $13,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,300 of additional office equipment on credit. i. The company completed $29,000 of services for a customer on credit. j. The company purchased $1,416 of TV advertising on credit. k. The company collected $7,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,200 cash for employee wages. m. The company paid $1,300 cash to settle the account payable created in transaction h. n. The company paid $1,120 cash for repairs. o. J. Aracel withdrew $9,450 cash from the company for personal use p. The company paid $2,000 cash for employee wages. q. The company paid $4,300 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 Post the journal entries from part 1 to the ledger accounts.Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable Transaction Debit Credit Balance Transaction Debit Credit Balance 108: Prepaid Insurance 163: Office Equipment Transaction Debit Credit Balance Transaction Debit Credit Balance 164: Drafting Equipment 170: Building Transaction Debit Credit Balance Transaction Debit Credit Balance 172: Land 201: Accounts Payable201: Accounts Payable 172: Land Debit Debit Transaction Credit Balance Transaction Credit Balance 250: Notes Payable 301: J. Aracel, Capital Balance Transaction Debit Credit Balance Transaction Debit Credit ces 302: J. Aracel, Withdrawals 403: Services Revenue Transaction Debit Credit Balance Transaction Debit Credit Balance 601: Wages Expense 603: Advertising Expense Transaction Debit Credit Balance Transaction Debit Credit Balance 604: Repairs Expense Transaction Debit Credit Balance McPrepare a trial balance as of the end of june Debit Credit Cash Office equipmer Drafting equipment Aracel, Capital payab counts recei nts payable jes expens Repairs expense Advertising expense J. Aracel, Withdrawals Building Totals $ 0 $ 0