Aracel Engineering completed the following transactions in the month of June.

J$.$ Aracel, the owner, invested $$170,000$ cash, office equipment with a value of $$6,100,$ and $$67,000$ of drafting equipment to launch the company in exchange for common stock.

The company purchased land worth $$53,000$ for an office by paying $$8,000$ cash and signing a note payable for $$45,000.$

The company purchased a portable building with $$55,000$ cash and moved it onto the land acquired in b$.$

The company paid $$3,200$ cash for the premium on an $18-$month insurance policy.

The company provided services to a client and collected $$6,700$ cash.

The company purchased $$24,000$ of additional drafting equipment by paying $$11,300$ cash and signing a note payable for $$12,700.$

The company completed $$16,500$ of services for a client. This amount is to be received in $30$ days.

The company purchased $$1,700$ of additional office equipment on credit.

The company completed $$23,000$ of services for a customer on credit.

The company purchased $$1,361$ of TV advertising on credit.

The company collected $$7,000$ cash in partial payment from the client described in transaction g$.$

The company paid $$1,900$ cash for employee wages.

The company paid $$1,700$ cash to settle the account payable created in transaction h$.$

The company paid $$1,150$ cash for repairs.

The company paid a $$9,850$ cash dividend.

The company paid $$1,900$ cash for employee wages.

The company paid $$2,900$ cash for advertisements on the Web during June.

Required:

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 $(250)$; Common Stock $(307)$; Dividends $(319)$; Services Revenue $(403)$; Wages Expense $(601)$; Advertising Expense $(603)$; and Repairs Expense $(604).$

Post the journal entries from part $1$ to the ledger accounts.

Prepare a trial balance as of the end of June.