What is the common stock?

Aracel Engineering completed the following transactions in the month of June. a. J. Aracel, the owner, invested $195,000 cash, office equipment with a value of $7,800, and $73,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $53,000 for an office by paying $7,700 cash and signing a note payable for $45,300. c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b. d. The company paid $4,500 cash for the premium on an 18 -month insurance policy. e. The company provided services to a client and collected $8,600 cash. f. The company purchased $21,000 of additional drafting equipment by paying $10,400 cash and signing a note payable for $10,600. g. The company completed $13,500 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,900 of additional office equipment on credit. i. The company completed $29,000 of services for a customer on credit. j. The company purchased $1,345 of TV advertising on credit. k. The company collected $8,000 cash in partial payment from the client described in transaction g. I. The company paid $1,500 cash for employee wages. m. The company paid $1,900 cash to settle the account payable created in transaction h. n. The company paid $1,150 cash for repairs. o. The company paid a $10,650 cash dividend. p. The company paid $1,900 cash for employee wages. q. The company paid $3,500 cash for advertisements on the Web during June