Carter Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. June 1 Isaac Carter, the owner, invested $138,000 cash, office equipment with a value of $14,500, and $79,000 of drafting equipment to launch the company. June 2 The company purchased land worth $58,500 for an office by paying $19,600 cash and signing a long-term note payable for $38,900. June 3 The company purchased a portable building with $45,500 cash and moved it onto the land acquired on June 2. June 4 The company paid $8,700 cash for the premium on an 18-month insurance policy. June 5 The company completed and delivered a set of plans for a client and collected $13,800 cash. June 6 The company purchased $31,400 of additional drafting equipment by paying $19,000 cash and signing a long-term note payable for $12,400. June 7 The company completed $29,200 of services for a client. This amount is to be received in 30 days. June 8 The company purchased $2,100 of additional office equipment on credit. June 9 The company completed $25,800 of services for a customer on credit.) June 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,250 rent cost must be paid within 30 days. June 12 The company collected $14,600 cash in partial payment from the client billed on June 9. June 14 The company paid $1,400 cash for wages to a drafting assistant. June 17 The company paid $2,100 cash to settle the account payable created in on June 8. June 20 The company paid $1,400 cash for minor maintenance of its drafting equipment. June 23 Isaac Carter withdrew $9,860 cash from the company for personal use. June 28 The company paid $1,400 cash for wages to a drafting assistant, June 29 The company paid $3,260 cash for advertisements on the web during June.