What should be inserted instead of "Equipment rental expense" the available options are as follows

• quired
• 101: Cash
• 106: Accounts receivable
• 108: Prepaid insurance
• 124: Office supplies
• 131: Prepaid rent
• 163: Office equipment
• 164: Drafting equipment
• 170: Building
• 172: Land
• 201: Accounts payable
• 226: Unearned fees
• 250: Notes payable
• 307: Common stock
• 318: Retained earnings
• 319: Dividends
• 402: Engineering fees earned
• 406: Rental revenue
• 601: Wages expense
• 602: Equipment rental expense
• 603: Advertising expense
• 604: Repairs expense
• 690: Utilities expense

Brown Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. June 1 Paul Brown, the owner, invested $102,000 cash, office equipment with a value of $5,500, and $61,000 of drafting equipment to launch the company in exchange for common stock. June 2 The company purchased land worth $49,500 for an office by paying $7,000 cash and signing a long-term note payable for $42,500. June 3 The company purchased a portable building with $54,500 cash and moved it onto the land acquired on June 2. June 4 The company paid $3,300 cash for the premium on an 18-month insurance policy. June 5 The company completed and delivered a set of plans for a client and collected $6,600 cash. June 6 The company purchased $20,600 of additional drafting equipment by paying $10,000 cash and signing a long-term note payable for $10,600. June 7 The company completed $14,800 of engineering services for a client. This amount is to be received in 30 days. June 8 The company purchased $1,200 of additional office equipment on credit. June 9 The company completed engineering services for $22,200 on credit. June 10 The company received a bill for rent of equipment that was used on a recently completed job. The $1,350 rent cost must be paid within 30 days. June 12 The company collected $7,400 cash in partial payment from the client billed on June 9. June 14 The company paid $1,400 cash for wages to a drafting assistant. June 17 The company paid $1,200 cash to settle the account payable created in on June 8. June 20 The company paid $950 cash for minor maintenance of its drafting equipment. June 23 The company paid $9,500 cash in dividends. June 28 The company paid $1,400 cash for wages to a drafting assistant. June 29 The company paid $2,540 cash for advertisements on the web during June. X Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. BROWN ENGINEERING Balance Sheet June 30, 2021 Assets: 24,210 29,600 Cash Accounts receivable Prepaid insurance Land 3,300 49,500 81,600 Drafting equipment Office equipment Building 6,700 54,500 Total assets 249,410 x Equipment rental expense Notes payable 1,350 53,100 $ 54,450 168,500 26,460 Common stock Retained earnings Total equity Total liabilities and equity 194,960 249.410