Check my work 1 5 points Print Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $245,000 cash, office equipment with a value of $7,000, and $67,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $52,000 for an office by paying $7,300 cash and signing a long-term note payable for $44,700. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $2,400 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $6,600 cash. f. The company purchased $27,000 of additional drafting equipment by paying $10,800 cash and signing a long-term note payable for $16,200. g. The company completed $15,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,850 of additional office equipment on credit. i. The company completed $24,000 of services for a customer on credit. j. The company purchased $1,485 of TV advertising on credit. k. The company collected $6,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,100 cash for employee wages. m. The company paid $1,850 cash to settle the account payable created in transaction h. n. The company paid $945 cash for repairs. o. The company paid a $10,500 cash dividend. p. The company paid $1,400 cash for employee wages. q. The company paid $3,300 cash for advertisements on the Web during June. References 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); Services Revenue (403); Wages Expense (601); 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. Check my work 1 Required 1 Required 2 Required 3 5 points 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); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604). Show less Print View transaction list References Journal entry worksheet The company purchased $1,485 of TV advertising on credit. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entry Clear entry Clear entry View general journal Check my work 1 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Transaction Balance Transaction Balance 5 points Print References 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 Check my work 1 Transaction Debit Credit Balance Transaction Debit Credit Balance 5 points 172: Land Debit Credit 201: Accounts Payable Debit Credit Transaction Balance Transaction Balance Print RE References 250: Notes Payable Debit Credit 307: Common Stock Debit Credit Transaction Balance Transaction Balance 319: Dividends Debit Credit 403: Services Revenue Credit Transaction Balance Transaction Debit Balance 601: Wages Expense 603: Advertising Expense Check my work 1 5 points 601: Wages Expense Debit Credit 603: Advertising Expense Debit Credit Transaction Balance Transaction Balance Print RE References 604: Repairs Expense Debit Credit Transaction Balance Check my work 1 Required 1 Required 2 Required 3 Prepare a trial balance as of the end of June. 5 points ARACEL ENGINEERING Trial Balance June 30 Debit Credit Print References Totals