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I can't check my answers in the book and want to make sure my answers are correct A A Aa Ap AaBbCcDd AaBbCcDd AaBbCc AaBbCcC
I can't check my answers in the book and want to make sure my answers are correct
A A Aa Ap AaBbCcDd AaBbCcDd AaBbCc AaBbCcC Aa xA .A 1 Normal 1 No Spac.. Heading 1 Heading 2 Title Paragraph Styles Aracel Engineering completed the following transactions in the month of June. 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 The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a long-term note payable for $42,700 The company purchased a portable building with $55,000 cash and moved it onto the land a bi acquired in b d. The company paid $3,000 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 $6,200 cash The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a long-term note payable for $10,500 g The company completed $14,000 of engineering services for a client. This amount is to be received in 30 days h. The company purchased $1,150 of additional office equipment on credit i 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 $1,333 rent cost must be paid within 30 days. k. The company collected $7,000 cash in partial payment from the client described in transaction g The company paid $1,200 cash for wages to a drafting assistant m. The company paid $1,150 cash to settle the account payable created in transaction h The company paid $925 cash for minor maintenance of its drafting equipment Jenna Aracel withdrew $9,480 cash from the company for personal use p. The company paid $1,200 cash for wages to a drafting assistant q The company paid $2,500 cash for advertisements on the web during June L n. o. Prepare general journal entries to record these transactions (Remember Dr Cr). Use the following account titles to record these transactions: Cash, A/R, Prepaid Insurance, Office Equipment, Drafting Equipment, Building, Land, A/P, Notes Payable, J. Aracel Capital, J. Aracel Withdrawals, Engineering Fees Earned, Wages Expense, Equipment Rental Expense, Advertising Expense, and Repairs Expense
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