GL0205 (Static) - Based on Problem 2-2A Aracel Engineering Aracel 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 Jenna Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company in exehange for common stock. June 2 The company purehased land worth $49,000 for an office by paying $6,300 cash and signing a 10ngterm note payable for $42,700. June 3 The company purchased a portable building with $55,000 cash and moved it onto the land acquired on June 2 . June 4 The company paid $3,000 cash for the premium on an 18 -month insurance poliey. June 5 The company pompleted and delivered a set of plans for a client and collected $6,200 cash. June 6 The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a long-term note payable for $10,500. June 7 The coepany completed $14,000 of engineering services for a elient. This amount is to be received in 30 days. June 8 The company purchased $1,150 of additional office equipment on credit. June 9 The company completed engineering services for $22,000 on credit. June 10 The company received a b111 for rent of equipaent that was used on' a recently conpleted job. The $1,333 rent cost must be paid within 30 days. June 12 The company collected $7,000 cash in partial payment from the olient billed on June 9. June 14 The company paid $1,200 cash for wages to a drafting assistant. June 17 The company paid $1,150 cash to settle the account payable ereated in on June 8 . Jane 20 The company paid $925 cash for minor maintenance of its drafting equipment. June 23 The company paid $9,480 cash in dividends. June 28 The company paid $1,200 cash for wages to a drafting assistant. June 29 The company paid $2,500 cash for advertisements on the wob during June. Journal entry worksheet 234567817 June 1) Jenna Arrycel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company in exchange for common stock. Note: Enter debits before credits