Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, Invested $190,000 cash, office equipment with a value of $9,500, and $66,000 of drafting equipment to launch the company. b. The company purchased land worth $51,000 for an office by paying $8,900 cash and signing a note payable for $42,100. c. The company purchased a portable building with $56,000 cash and moved it onto the land acquired in b. d. The company paid $2,800 cash for the premium on an 18-month Insurance policy. e. The company provided services to a client and collected $6,500 cash. f. The company purchased $33,000 of additional drafting equipment by paying $10,800 cash and signing a note payable for $22,200. g. The company completed $13,500 of 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. 1. The company completed $23,000 of services for a customer on credit. J. The company purchased $1,652 of TV advertising on credit. k. The company collected $6,000 cash In partial payment from the client described in transaction g. 1. The company paid $2,100 cash for employee wages. m. The company pald $1,550 cash to settle the account payable created in transaction h. n. The company paid $1,145 cash for repairs. 0. J. Aracel withdrew $10,110 cash from the company for personal use. p. The company paid $2,100 cash for employee wages. 4. The company paid $3,100 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); 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 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). Show less View transaction list Journal entry worksheet