Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $155,000 cash, office equipment with a value of $6,600, and $64,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $56,000 for an office by paying $9,200 cash and signing a long-term note payable for $46,800. c. The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. d. The company paid $3,700 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $9,700 cash. 1. The company purchased $22,000 of additional drafting equipment by paying $9,000 cash and signing a long-term note payable for $13,000. g. The company completed $17,500 of services for a client. This amount is to be received in 30 days. h. The company purchased $1,550 of additional office equipment on credit. I. The company completed $30,000 of services for a customer on credit. J. The company purchased $1,542 of TV advertising on credit. k. The company collected $8,000 cash in partial payment from the client described in transaction g. 1. The company paid $2,300 cash for employee wages. m. The company paid $1,550 cash to settle the account payable created in transaction h. n. The company paid $1,155 cash for repairs. o. The company paid a $10,020 cash dividend. p. The company paid $2,100 cash for employee wages. q. The company paid $2,600 cash for advertisements on the Web during June. Required: 1. Prepare general journal entries to record these transactions using the following tities: 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 Repalrs 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.