Aracel Engineering completed the following transactions in the month of June. o. J. Aracel, the owner, Invested $160,000 cash, office equipment with a value of $5,300, and $63,000 of drafting equipment to launch the company. b. The company purchased land worth $58,000 for an office by paying $9,600 cash and signing a note payable for $48,400. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $2,600 cash for the premium on an 18 month insurance policy. e. The company provided services to a client and collected $9,800 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,100 cash and signing a note payable for $10,900. g. The company completed $16,500 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,350 of additional office equipment on credit. i. The company completed $29,000 of services for a customer on credit. j. The company purchased $1,489 of TV advertising on credit. k. The company collected $8,000 cash in partial payment from the client described in transaction g. I. The company paid $2,200 cash for employee wages. m. The company paid $1,350 cash to settle the account payable created in transaction h n. The company paid $1,090 cash for repairs. o. J. Aracel withdrew $10,810 cash from the company for personal use. p. The company paid $2,300 cash for employee wages. q. The company paid $4,500 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 Recelvable (106): Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Bullding (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. Preoare a trial balance as of the end of June. Prepare a trial balance as of the end of June