Book Print erences Aracel Engineering completed the following transactions in the month of June a J Aracel the owner invested 190 000 cash office equipment with a value of 7 000 and 65 000 of drafting equipment to launch the company in exchange for common stock b The company purchased land worth 55 000 for an office by paying 8 900 cash and signing a note payable for 46 100 c The company purchased a portable building with 54 000 cash and moved it onto the land acquired in b d The company paid 3 000 cash for the premium on an 18 month insurance policy e The company provided services to a client and collected 9 900 cash f The company purchased 31 000 of additional drafting equipment by paying 11 100 cash and signing a note payable for 19 900 g The company completed 17 500 of services for a client This amount is to be received in 30 days h The company purchased 1 100 of additional office equipment on credit i The company completed 29 000 of services for a customer on credit j The company purchased 1 477 of TV advertising on credit k The company collected 10 000 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 1 100 cash to settle the account payable created in transaction h n The company paid 1 110 cash for repairs o The company paid a 9 840 cash dividend p The company paid 2 400 cash for employee wages q The company paid 3 700 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 Check my wor