Martin 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. Jun. 1 Lindsey Martin, the owner, invested $122,000 cash, office equipment with a value of $10,500, and $71,000 of drafting equipment to launch the company in exchange for common stock. Jun. 2 The company purchased land worth $54,500 for an office by paying $14,000 cash and signing a long-term note payable for $40,500. Jun. 3 The company purchased a portable building with $49,500 cash and moved it onto the land acquired on June 2. Jun. 4 The company paid $6,300 cash for the premium on an 18-month insurance policy. Jun. 5 The company completed and delivered a set of plans for a client and collected $10,600 cash. Jun. 6 The company purchased $26,600 of additional drafting equipment by paying $15,000 cash and signing a long-term note payable for $11,600. Jun. 7 The company completed $22,800 of engineering services for a client. This amount is to be received in 30 days. Jun. 8 The company purchased $1,700 of additional office equipment on credit. Jun. 9 The company completed engineering services for $24,200 on credit. Jun. 10 The company received a bill for rent of equipment that was used on a recently completed job. The $1,850 rent cost must be paid within 30 days. Jun. 12 The company collected $11,400 cash in partial payment from the client described billed on June 9. Jun. 14 The company paid $2,200 cash for wages to a drafting assistant. Jun. 17 The company paid $1,700 cash to settle the account payable created in on June 8. Jun. 20 The company paid $1,200 cash for minor maintenance of its drafting equipment. Jun. 23 The company paid $9,700 cash in dividends. Jun. 28 The company paid $2,200 cash for wages to a drafting assistant. Jun. 29 The company paid $2,940 cash for advertisements on the web during June.