Duerr 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	Melanie Duerr, the owner, invested $150,000 cash, office equipment with a value of $17,500, and $85,000 of drafting equipment to launch the company in exchange for common stock.
June 2	The company purchased land worth $61,500 for an office by paying $23,800 cash and signing a long-term note payable for $37,700.
June 3	The company purchased a portable building with $42,500 cash and moved it onto the land acquired on June 2.
June 4	The company paid $10,500 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 $16,200 cash.
June 6	The company purchased $35,000 of additional drafting equipment by paying $22,000 cash and signing a long-term note payable for $13,000.
June 7	The company completed $34,000 of engineering services for a client. This amount is to be received in 30 days.
June 8	The company purchased $2,400 of additional office equipment on credit.
June 9	The company completed engineering services for $27,000 on credit.
June 10	The company received a bill for rent of equipment that was used on a recently completed job. The $2,550 rent cost must be paid within 30 days.
June 12	The company collected $17,000 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 $2,400 cash to settle the account payable created in on June 8.
June 20	The company paid $1,550 cash for minor maintenance of its drafting equipment.
June 23	The company paid $9,980 cash in dividends.
June 28	The company paid $1,400 cash for wages to a drafting assistant.
June 29	The company paid $3,500 cash for advertisements on the web during June.