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

a$.$ J$.$ Aracel, the owneri invested $$215,000$ cash, office equipment with a value of $$7,000,$ and $$74,000$ of drafting equipment to launch the company in exchange for common stock.

b$.$ The company purchased land worth $$51,000$ for an office by paying $$9,500$ cash and signing a note payable for $$41,500.$

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

d$.$ The company pald $$3,800$ cash for the premlum on an $18-$month insurance pollcy.

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

f$.$ The company purchased $$32,000$ of additional drafting equipment by paying $$10,200$ cash and signing a note payable for $$21,800.$

g$.$ The company completed $$14,000$ of services for a cilent. This amount is to be recelved in $30$ days.

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

L$.$ The company completed $$21,000$ of services for a customer on credit.

J$.$ The company purchased $$1,506$ of TV advertising on credit.

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

I. The company pald $$1,400$ cash for employee wages.

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

n$.$ The company paid $$1,175$ cash for repallis.

o$.$ The company pald a $$9,950$ cash dividend.

p$.$ The company pald $$1,500$ cash for employee wages.

q$.$ The company pald $$2,700$ cash for advertisements on the Web during June.

Required:

Prepare general Journal entries to record these transactions using the following titles: Cash $(101)$; Accounts Recelvable $(106)$; Prepald 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 Repalrs Expense $(604).$

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

Prepare a trial balance as of the end of June.

Complete this question by entering your answers in the tabs below:

Required $1$

Requir

$2$

Required $3$

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

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