Check my work View pre Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $8,500, and $74,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $50,000 for an office by paying $6,600 cash and signing a long-term note payable for $43,400 c. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. d. The company paid $4700 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 $8,900 cash. f. The company purchased $22,000 of additional drafting equipment by paying $9,500 cash and signing a long-term note payable for $12,500 9. The company completed $16.500 of engineering services for a client. This amount is to be received in 30 days h. The company purchased $1,200 of additional office equipment on credit. 1. The company completed engineering services for $22,000 on credit. J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,694 rent cost must be paid within 30 days k. The company collected $9,000 cash in partial payment from the client described in transaction 9 1. The company paid $1,200 cash for wages to a drafting assistant m. The company paid $1,200 cash to settle the account payable created in transaction h. n. The company paid $1,030 cash for minor maintenance of its drafting equipment. o. The company paid a $9,950 cash dividend. p. The company paid $1,300 cash for wages to a drafting assistant 9. The company paid $3.300 cash for advertisements on the Web during June. 5 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 (2017: 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, Complete this question by entering your answers in the tabs below.