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I need help with all 3 required but more so the ledger Aracel Engineering completed the following transactions in the month of June. J. Aracel,

I need help with all 3 required but more so the ledger
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Aracel Engineering completed the following transactions in the month of June.

  1. J. Aracel, the owner, invested $175,000 cash, office equipment with a value of $9,000, and $61,000 of drafting equipment to launch the company.
  2. The company purchased land worth $55,000 for an office by paying $7,700 cash and signing a note payable for $47,300.
  3. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b.
  4. The company paid $4,600 cash for the premium on an 18-month insurance policy.
  5. The company provided services to a client and collected $6,400 cash.
  6. The company purchased $23,000 of additional drafting equipment by paying $11,600 cash and signing a note payable for $11,400.
  7. The company completed $13,500 of services for a client. This amount is to be received in 30 days.
  8. The company purchased $1,650 of additional office equipment on credit.
  9. The company completed $22,000 of services for a customer on credit.
  10. The company purchased $1,426 of TV advertising on credit.
  11. The company collected $7,000 cash in partial payment from the client described in transaction g.
  12. The company paid $2,100 cash for employee wages.
  13. The company paid $1,650 cash to settle the account payable created in transaction h.
  14. The company paid $965 cash for repairs.
  15. J. Aracel withdrew $9,090 cash from the company for personal use.
  16. The company paid $2,000 cash for employee wages.
  17. The company paid $2,900 cash for advertisements on the Web during June.

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); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); 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.


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