Chec Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $190,000 cash, office equipment with a value of $7,200, and $71,000 of drafting equipment to launch the company in exchange for common stock b. The company purchased land worth $55,000 for an office by paying $9,300 cash and signing a long-term note payable for $45,700. c. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b. d. The company paid $4,500 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 $9,800 cash. f. The company purchased $26,000 of additional drafting equipment by paying $12,000 cash and signing a long-term note payable for $14,000. g. The company completed $18,000 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,650 of additional office equipment on credit i. The company completed engineering services for $26,000 on credit. j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,500 rent cost must be paid within 30 days. k. The company collected $9,000 cash in partial payment from the client described in transaction g . The company paid $1,100 cash for wages to a drafting assistant. m. The company paid $1,650 cash to settle the account payable created in transaction h n. The company paid $1,045 cash for minor maintenance of its drafting equipment. o. The company paid $10,620 cash in dividends. p. The company paid $1,700 cash for wages to a drafting assistant. q. The company paid $2,600 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); Common Stock (307); Dividends (319); 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