Part 1. Below are the 17 transactions list for part 1

Part 2

Part 3

This all one question

Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $160,000 cash, office equipment with a value of $8,900, and $61,000 of drafting equipment to launch the company. b. The company purchased land worth $55,000 for an office by paying $7,200 cash and signing a note payable for $47,800. c. The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. d. The company paid $3,800 cash for the premium on an 18 -month insurance policy. e. The company provided services to a client and collected $6,000 cash. f. The company purchased $35,000 of additional drafting equipment by paying $9,200 cash and signing a note payable for $25,800. g. The company completed $17,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,250 of additional office equipment on credit. i. The company completed $29,000 of services for a customer on credit. j. The company purchased $1,400 of TV advertising on credit. k. The company collected $10,000 cash in partial payment from the client described in transaction g. I. The company paid $2,400 cash for employee wages. m. The company paid $1,250 cash to settle the account payable created in transaction h. n. The company paid $1,025 cash for repairs. o. J. Aracel withdrew $10,560 cash from the company for personal use. p. The company paid $1,400 cash for employee wages. q. The company paid $2,600 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. 1 J. Aracel, the owner, invested $160,000 cash, office equipment with a value of $8,900, and $61,000 of drafting equipment to launch the company. 2 The company purchased land worth $55,000 for an office by paying $7,200 cash and signing a note payable for $47,800. 3 The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. 4 The company paid $3,800 cash for the premium on an 18-month insurance policy. 5 The company provided services to a client and collected 6 The company purchased $35,000 of additional drafting equipment by paying $9,200 cash and signing a note payable for $25,800. 7 The company completed $17,000 of services for a client. This amount is to be received in 30 days. 8 The company purchased $1,250 of additional office equipment on credit. 9 The company completed $29,000 of services for a customer on credit. 10 The company purchased $1,400 of TV advertising on credit. Note: = journal entry has been entered 11 The company collected $10,000 cash in partial payment from the client described in transaction g. 12 The company paid $2,400 cash for employee wages. 13 The company paid $1,250 cash to settle the account payable created in transaction h. 14 The company paid $1,025 cash for repairs. 15 J. Aracel withdrew $10,560 cash from the company for personal use. 16 The company paid $1,400 cash for employee wages. Note : = journal entry has been entered 12 The company paid $2,400 cash for employee wages. 13 The company paid $1,250 cash to settle the account payable created in transaction h. 14 The company paid $1,025 cash for repairs. 15 J. Aracel withdrew $10,560 cash from the company for personal use. 16 The company paid $1,400 cash for employee wages. 17 The company paid $2,600 cash for advertisements on the Web during June. Note: = journal entry has been entered Complete this question by entering your answers in the tabs below. Post the journal entries from part 1 to the ledger accounts. Required 1 Required 3 > Prepare a trial balance as of the end of June