This window shows your responses and what was marked correct and incorrect from your previous attempt. Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 varded ed Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $195,000 cash, office equipment with a value of $9,700, and $65,000 of drafting equipment to launch the company b. The company purchased land worth $49,000 for an office by paying $8,300 cash and signing a long-term note payable for $40,700. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $2,300 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 $8,700 cash. f. The company purchased $21,000 of additional drafting equipment by paying $10,700 cash and signing a long-term note payable for $10,300 g. The company completed $18,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,400 of additional office equipment on credit. 1. The company completed engineering services for $20,000 on credit. J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,612 rent cost must be paid k. The company collected $7,000 cash in partial payment from the client described in transaction g. I. The company paid $2,200 cash for wages to a drafting assistant m. The company paid $1,400 cash to settle the account payable created in transaction h. n. The company paid $1125 cash for minor maintenance of its drafting equipment. o. Jenna Aracel withdrew $9,920 cash from the company for personal use. p. The company paid $1,400 cash for wages to a drafting assistant 9. The company paid $2,800 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): Engineering Fees Earned (402) Wages Expense (601) Equipment Rental Expense (602): 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