Aracel Engineering completed the following transactions in the month of June. 2. Jenna Aracel, the owner, invested $175,000 cash, office equipment with a value of $7,000, and $67,000 of drafting equipment to launch the company. b. The company purchased land worth $56,000 for an office by paying $7,900 cash and signing a long-term note payable for $48,100. c. The company purchased a portable building with $56,000 cash and moved it onto the land acquired in b. d. The company paid $2,500 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 $9,700 cash. f. The company purchased $23,000 of additional drafting equipment by paying $11,100 cash and signing a long-term note payable for $11,900 g. The company completed $14,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,150 of additional office equipment on credit. 1. The company completed engineering services for $26,000 on credit J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,462 rent cost must be paid within 30 days k. The company collected $8,000 cash in partial payment from the client described in transaction g. 1. The company paid $1.400 cash for wages to a drafting assistant. m. The company paid $1150 cash to settle the account payable created in transaction h. n. The company paid $1,055 cash for minor maintenance of its drafting equipment o. Jenna Aracel withdrew $9,500 cash from the company for personal use. p. The company paid $1,400 cash for wages to a drafting assistant 4. The company paid $4,400 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