Aracel Engineering completed the following transactions in the month of June. a Jenna Aracel, the owner, nvested $245,000 cash, office equipment with a value of $5,600, and $71,000 of drafing equipment to launch the company. b. The company purchased land worth $59,000 for an office by paying $9.000 cash and signing a long-term note payable for $50 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 premlum on an 18-month insurance policy e. The company completed and delivered a set of plans for a client and collected $6.200 cash. t. The company purchased $34,000 of addlnonal drafing equipment by paying $10.400 cash and signing a long-term note payable for $23,600. g. The company completed $15,500 of engineering services for a client. This amount is to be receved In 30 days h. The company purchased $1,400 of additional office equipment on credit L The company completed engineering services for $27000 on credit. J. The company recesved a bill for rent of equipment that was used on a recently completed job. The $1,437 rent cost must be paicd within 30 days. k. The company collected $9,000 cash in partial payment from the client described in transaction g. I. The company paid $1,500 cash for wages to a draftng assistant m. The company pald $1,400 cash to settle the account payable created in transaction h. n. The company paid $1,065 cash for minor maintenance of its drafting equipment o. Jenna Aracel withdrew $10,500 cash from the company for personal use P. The company paid $1,900 cash for wages to a drafting assistant q. The company pald $3,500 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 Eaurpment (164): Building (170) Land (172: Accounts Payable (201; Notes Payable (250): J. Aracel, Capital (3on: J. Aracel, withdrawals (302). Engineering Fees Earned (402. wages expense (60% 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