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

1. Jenna Aracel, the owner, invested $175,000 cash, office equipment with a value of $9,800, and $76,000 of drafting equipment to launch the company in exchange for common stock.
2. The company purchased land worth $59,000 for an office by paying $6,400 cash and signing a long-term note payable for $52,600.
3. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b.
4. The company paid $3,600 cash for the premium on an 18-month insurance policy.
5. The company completed and delivered a set of plans for a client and collected $8,100 cash.
6. The company purchased $25,000 of additional drafting equipment by paying $9,300 cash and signing a long-term note payable for $15,700.
7. The company completed $19,500 of engineering services for a client. This amount is to be received in 30 days.
8. The company purchased $1,350 of additional office equipment on credit.
9. The company completed engineering services for $27,000 on credit.
10. The company received a bill for rent of equipment that was used on a recently completed job. The $1,586 rent cost must be paid within 30 days.
11. The company collected $8,000 cash in partial payment from the client described in transaction g.
12. The company paid $1,500 cash for wages to a drafting assistant.
13. The company paid $1,350 cash to settle the account payable created in transaction h.
14. The company paid $910 cash for minor maintenance of its drafting equipment.
15. The company paid a $10,250 cash dividend.
16. The company paid $1,700 cash for wages to a drafting assistant.
17. The company paid $3,500 cash for advertisements on the Web during June.