can you do the journal entry workshwet for all 17
Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $8,200, and $67,000 of drafting equipment to launch the company. b. The company purchased land worth $54,000 for an office by paying $7.400 cash and signing a long term note payable for $46,600. C. The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. d. The company paid $3,600 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 $9,000 cash. 1. The company purchased $29,000 of additional drafting equipment by paying $11.400 cash and signing a long-term note payable for $17,600. 9. The company completed $14,000 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1750 of additional office equipment on credit i. The company completed engineering services for $24,000 on credit J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,359 rent cost must be paid within 30 days. k. The company collected $5,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,900 cash for wages to a drafting assistant n. The company paid $1750 cash to settle the account payable created in transaction h. n. The company paid $1.200 cash for minor maintenance of its drafting equipment o. Jenna Aracel withdrew $9,350 cash from the company for personal use. p. The company paid $1100 cash for wages to a drafting assistant 9. The company paid $4,100 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 Receivable (106); Prepaid Insurance (108): Office Equipment (163): Drafting Equipment (164), Building (170); Land (172): Accounts Payable (201): Notes Payable (250): J. Aracel, Capital (301): J. Aracel, Withdrawals (302): Engineering Fees Earned (402); Wages Expense (601): 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. View transaction list Journal entry worksheet 4 5 6 7 8 Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $8,200, and $67,000 of drafting equipment to launch the company. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entry Clear entry View general journal Required 1 Required 2 >
