Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $155,000 cash, office equipment with a value of $5,600, and $69,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $51,000 for an office by paying $8,600 cash and signing a long-term note payable for $42,400. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $3,000 cash for the premium on an 18 -month insurance policy. e. The company provided services to a client and collected $9,500 cash. f. The company purchased $34,000 of additional drafting equipment by paying $9,200 cash and signing a long-term note payable for $24,800. 9. The company completed $16,500 of services for a cllent. This amount is to be recelved in 30 days. h. The company purchased $1,000 of additional office equipment on credit. 1. The company completed $27,000 of services for a customer on credit. j. The company purchased $1,676 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 $1,300 cash for employee wages. m. The company paid $1,000 cash to settle the account payable created in transaction h. n. The company paid $1,075 cash for repairs. o. The company paid a $10,490 cash dividend. p. The company paid $1,200 cash for employee wages. q. The company paid $3,400 cash for advertisements on the Web during June. 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); Bullding (170); Land (172): Accounts Payable (201): 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