C a. Jenna Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a long-term note payable for $42,700. c. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. d. The company paid $3,000 cash for the premium on an 18-month insurance policy e. The company completed and delivered a set of plans for a client and collected $6,200 cash. . The company purchased $20,000 of additional drafting equipment by paying $9.500 cash and signing a long-term note payable for $10,500. g. The company completed $14,000 of engineering services for a client. This amount is to be received in 30 days h. The company purchased $1150 of additional office equipment on credit. i. The company completed engineering services for $22,000 on credit. j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,333 rent cost must be paid within 30 days k. The company collected $7,000 cash in partial payment from the client described in transaction g. I. The company paid $1,200 cash for wages to a drafting assistant. m. The company paid $1,150 cash to settle the account payable created in transaction h n. The company paid $925 cash for minor maintenance of its drafting equipment o. The company paid $9,480 cash in dividends p. The company paid $1,200 cash for wages to a drafting assistant. q. The company paid $2,500 cash for advertisements on the Web during June. Book Print erences Required: 1. 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); Engineering Fees Earned (402): Wages Expense (60t): 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. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 2 Complete this question by entering your answers in the tabs below. Required 3 Required 2 Required 1 Post the journal entries from part 1 to the ledger accounts. 106: Accounts Receivable 101: Cash Balance Credit Debit Transaction Balance Credit Debit Transaction 163: Office Equipment 108: Prepaid Insurance Balance Credit Transaction Debit Balance Credit Debit Transaction Next > 1 of 16 1 108: Prepaid Insurance 163: Office Equipment Transaction Debit Balance Balance Credit Transaction Credit Debit ts 164: Drafting Equipment 170: Building eBook Transaction Debit Credit Balance Transaction Debit Credit Balance Print eferences 201: Accounts Payable 172: Land Transaction Debit Credit Balance Transaction Debit Credit Balance 250: Notes Payable 307; Common Stock Debit Transaction Credit Transaction Debit Credit Balance Balance 319: Dividends 402: Engineering Fees Earmed 319: Dividends 402: Engineering Fees Earned Transaction Debit Credit Balance Transaction Debit Credit Balance 601: Wages Expense 602: Equipment Rental Expense Credit Transaction Debit Balance Transaction Debit Balance Credit es 603: Advertising Expense 604: Repairs Expense Transaction Balance Debit Credit Transaction Debit Credit Balance