Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $200.000 cash, office equipment with a value of $7,800, and $74,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $52,000 for an office by paying $7.300 cash and signing a long-term note payable for $44,700. The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b. d. The company paid $4,000 cash for the premium on an 18-month Insurance policy. e. The company provided services to a client and collected $8,700 cash. t. The company purchased $33,000 of additional drafting equipment by paying $10,000 cash and signing a long-term note payable for $23,000 g. The company completed $16,000 of 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 L. The company completed $21,000 of services for a customer on credit, J. The company purchased $1.346 of TV advertising on credit k. The company collected $10,000 cash in partial payment from the client described in transaction g. L. The company paid $1.900 cash for employee wages, m. The company pald $1.250 cash to settle the account payable created in transaction h n. The company paid $915 cash for repairs o. The company paid a $10,720 cash dividend. p. The company paid $1600 cash for employee wages. 9. The company paid $3.800 cash for advertisements on the Web during June Required: 1. Prepare general Journal entries to record these transactions using the following titles: Cash (1) Accounts Receivable (106): Prepaid Insurance (108) Office Equipment (163: Drafting Equipment (164: Buliding (170): Land (172x Accounts Payable (201) Notes Payable 250). Common Stock (307, Dividends (319) Services Revenue (403); Wages Expense (601); Advertising Exponto (603); and Repairs Expense (604 2. Post the ournal entries from part 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 Prepare general jouma entries to record these transactions using the folloing titles Cash (101) Accounts Receivable (106). Prepad Insurance (108) Office Coupment (163) Drafting Equipment 164) Building (170) Land 172), Accounts Payable (201) Notes Payable (250) Common Stock (307) Dividends (319) Services Revenue 401 Wape Expo (601) Advertising Expense (603) and Repairs Expense (604) Aracel Engineering completed the following transactions in the month of June a. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $7,800, and $74,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $52,000 for an office by paying $7,300 cash and signing a long-term note payable for $44.700. c. The company purchased a portable building with $54.000 cash and moved it onto the land acquired in b. d. The company paid $4.000 cash for the premium on an 18-month Insurance policy. e. The company provided services to a client and collected $8,700 cash. f. The company purchased $33,000 of additional drafung equipment by paying $10,000 cash and signing a long-term note payable for $23,000. g. The company completed $16.000 of 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 $21,000 of services for a customer on credit J. The company purchased $1.346 of TV advertising on credit k. The company collected $10,000 cash In partial payment from the client described in transaction 9. L. The company paid $1,900 cash for employee wages. m. The company paid $1.250 cash to settle the account payable created in transaction h n. The company paid $915 cash for repairs. o. The company paid a $10,720 cash dividend. p. The company pald $1.600 cash for employee wages. 4. The company paid $3.800 cash for advertisements on the Web during June Required: 1. Prepare general Journal ontles to record these transactions using the following utles: Cash (101): Accounts Receivable (106): Prepaid Insurance (108) Office Equipment (163); Drafting Equipment (164) Building (170: Land (172: Accounts Payable (2018: Notes Payable (250) Common Stock (307: Dividends (319; Services Revenue (403). Wapes Expense (60ty: Advertising Expense (603); and Repairs Expense (604) 2. Post the journal entries from part 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. Regled Required 2 Required Prepare general joumal 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]. Dicenda (319) Services Revence (403) Wages pense (601), Advertising Expense (603) and Repairs Expense 604) Show Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $7,800, and $74,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $52,000 for an office by paying $7,300 cash and signing a long-term noto payable for $44700 c. The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b. d. The company paid $4,000 cash for the premium on an 18-month Insurance policy e. The company provided services to a client and collected $8.700 cash t. The company purchased $33,000 of additional drafting equipment by paying $10,000 cash and signing a long-term note payable for $23,000 9. The company completed $16,000 of 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. L The company completed $21,000 of services for a customer on credit. The company purchased $1.346 of TV advertising on credit k. The company collected $10,000 cash in partial payment from the client described in transaction g. L The company paid $1.900 cash for employee wages m. The company paid $1.250 cash to settle the account payable created in transaction h n. The company paid $915 cash for repairs o. The company paid $10,720 cash dividend. p. The company paid $1600 cash for employee wages 4. The company paid $3.800 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: Buliding (170c Land (172): Accounts Payable 2013 Notes Payable (250) Common Stock (307): Dividends (319): Services Revenue (403): Wages Expense (601) Adverusing 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. www the account payable created in transaction h company paid $915 cash for repairs. o. The company paid a $10,720 cash dividend. p. The company paid $1,600 cash for employee wages. 4. The company paid $3,800 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): Prepald Insurance (108): Office Equipment (163); Drafung Equipment (164: Building (170): Land (1721 ; Accounts Payable (2017: Notes Payable (250). Common Stock (307), Dividends (319): 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