Check m es Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $180,000 cash, office equipment with a value of $9,400, and $69,000 of drafting equipment to launch the company in exchange for common stock b. The company purchased land worth $59,000 for an office by paying $8,000 cash and signing a long-term note payable for $51,000 C. The company purchased a portable building with $60,000 cash and moved it onto the land acquired in b. d. The company paid $2,900 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 $9,200 cash. f. The company purchased $27.000 of additional drafting equipment by paying $9.000 cash and signing a long-term note payable for $18,000 g. The company completed $13,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,800 of additional office equipment on credit i. The company completed engineering services for $25,000 on credit. J. The company received a bill for rent of equipment that was used on a recently completed job. The $1.673 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. 1. The company paid $1,100 cash for wages to a drafting assistant m. The company paid $1,800 cash to settle the account payable created in transaction n. The company paid $995 cash for minor maintenance of its drafting equipment o. The company paid a $10,690 cash dividend, p. The company paid $1,000 cash for wages to a drafting assistant q. The company paid $3,400 cash for advertisements on the Web during June Required: Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Transaction Balance Transaction Balance 10. Donalne 12. Entman 108: Prepaid Insurance Debit Credit 163: Office Equipment Debit Credit Transaction Balance Transaction Balance 164: Drafting Equipment Debit Credit 170: Building Debit Credit Transaction Balance Transaction Balance 172: Land Debit Credit 201: Accounts Payable Debit Credit Transaction Balance Transaction Balance 250: Notes Payable Debit Credit Transaction 307: Common Stock Debit Credit Balance Transaction Balance 319: Dividends Debit Credit Transaction 402: Engineering Fees Earned Debit Credit Balance Transaction Balance 601: Wages Expense Debit Credit Transaction 602: Equipment Rental Expense Debit Credit Balance Transaction Balance Transaction Debit Credit Balance Transaction Debit Credit Balance Requieu Requieu 2 Requiteus Prepare a trial balance as of the end of June. ARACEL ENGINEERING Trial Balance June 30 Debit Credit
