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. b. The company purchased land worth $54,000 for an office by paying $5,400 cash and signing a longterm 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. S. Shelton withdrew $9,360 cash from the company for personal use. 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