Shelton Engineering completed the following transactions in the month of June a Shana Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the company in exchange for common stock b The company purchased land worth $54,000 for an office by paying $5,400 cash and signing a long term note payable for $48,600 c The company purchased a portable building with $75,000 cash and moved it onto the land acquired in b d The company paid $6,000 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 $5,700 cash f The company purchased $22,500 of additional drafting equipment by paying $10,500 cash and signing a long term note payable for $12,000 g The company completed $12,000 of engineering services for a client This amount is to be received in 30 days h The company purchased $2,250 of additional office equipment on credit i The company completed engineering services for $18,000 on credit j The company received a bill for rent of equipment that was used on a recently completed job The $1,200 rent cost must be paid within 30 days k The company collected $7,200 cash in partial payment from the client described in transaction g l The company paid $1,500 cash for wages to a drafting assistant m The company paid $2,250 cash to settle the account payable created in transaction h n The company paid $675 cash for minor maintenance of its drafting equipment o The company paid $9,360 cash for dividends p The company paid $1,500 cash for wages to a drafting assistant q The company paid $3,000 cash for advertisements in the local newspaper during June Open the ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts and enter the balance after each posting (Record the transactions in given order Leave no cells blank be certain to enter 0 wherever required Input all amounts as positive values Omit the $ sign in your response )

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Shelton Engineering completed the following transactions in the month of June. a. Shana Shelton, the owner, invested $105,000 cash, office equipment with a value of

Shelton Engineering completed the following transactions in the month of June.

Shana Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the company in exchange for common stock.

The company purchased land worth $54,000 for an office by paying $5,400 cash and signing a long term note payable for $48,600.

The company purchased a portable building with $75,000 cash and moved it onto the land acquired in b.

The company paid $6,000 cash for the premium on an 18-month insurance policy.

The company completed and delivered a set of plans for a client and collected $5,700 cash.

The company purchased $22,500 of additional drafting equipment by paying $10,500 cash and signing a long-term note payable for $12,000.

The company completed $12,000 of engineering services for a client. This amount is to be received in 30 days.

The company purchased $2,250 of additional office equipment on credit.

The company completed engineering services for $18,000 on credit.

The company received a bill for rent of equipment that was used on a recently completed job. The $1,200 rent cost must be paid within 30 days.

The company collected $7,200 cash in partial payment from the client described in transaction g.

The company paid $1,500 cash for wages to a drafting assistant.

The company paid $2,250 cash to settle the account payable created in transaction h.

The company paid $675 cash for minor maintenance of its drafting equipment.

The company paid $9,360 cash for dividends.

The company paid $1,500 cash for wages to a drafting assistant.

The company paid $3,000 cash for advertisements in the local newspaper during June.

Open the ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts and enter the balance after each posting. (Record the transactions in given order. Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)