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Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $205,000 cash, office equipment with a value of $6,200, and $75,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $49,000 for an office by paying $9,800 cash and signing a long-term note payable for $39,200. c. The company purchased a portable building with $52,000 cash and moved it onto the land acquired in b. d. The company paid $2,900 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $7,200 cash. f. The company purchased $25,000 of additional drafting equipment by paying $10,300 cash and signing a long-term note payable for $14,700. g. The company completed $13,500 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,600 of additional office equipment on credit. i. The company completed $26,000 of services for a customer on credit. j. The company purchased $1,374 of TV advertising on credit. k. The company collected $9,000 cash in partial payment from the client described in transaction g. 1. The company paid $1,700 cash for employee wages. m. The company paid $1,600 cash to settle the account payable created in transaction h. n. The company paid $1,085 cash for repairs. o. The company paid a $10,850 cash dividend. p. The company paid $1,900 cash for employee wages. q. The company paid $2,500 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); Common Stock (307); Dividends (319); Services Revenue (403); Wages Expense (601); 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. Complete this question by entering your answers in the tabs below. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Transaction Balance Transaction Balance 108: Prepaid Insurance Debit Credit 163: Office Equipment Debit Credit Transaction Balance Transaction Balance 164: Drafting Equipment Debit Credit 170: Building Debit Credit Transaction Balance Transaction Balance 172: Land 201: Accounts Payable Debit Credit Transaction Debit Credit Balance Transaction Balance 250: Notes Payable Debit Credit 307: Common Stock Debit Credit Transaction Balance Transaction Balance 319: Dividends Debit Credit 403: Services Revenue Debit Credit Transaction Balance Transaction Balance 601: Wages Expense Debit Credit 603: Advertising Expense Debit Credit Transaction Balance Transaction Balance 604: Repairs Expense Debit Credit Transaction Balance Prepare a trial balance as of the end of June. ARACEL ENGINEERING Trial Balance June 30 Debit Credit Totals $ 0 $ 0

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