racel Engineering completed the following transactions in the month of June. J. Aracel, the owner, invested $225,000 cash, office equipment with a value of $8,000, and $73,000 of drafting equipment to launch the company in exchange for common stock. The company purchased land worth $60,000 for an office by paying $8,200 cash and signing a note payable for $51,800. The company purchased a portable building with $60,000 cash and moved it onto the land acquired in b . The company paid $3,300 cash for the premium on an 18-month insurance policy. . The company provided services to a client and collected $7,000 cash. 1. The company purchased $24,000 of additional drafting equipment by paying $9,300 cash and signing a note payable for $14,700. The company completed $13,500 of services for a client. This amount is to be received in 30 days. n. The company purchased $1,350 of additional office equipment on credit. i. The company completed $24,000 of services for a customer on credit. J. The company purchased $1,440 of TV advertising on credit. . The company collected $8,000 cash in partial payment from the client described in transaction g 1. The company paid $1,900 cash for employee wages. n. The company paid $1,350 cash to settle the account payable created in transaction h. n. The company paid $1,055 cash for repairs. o. The company paid a $10,190 cash dividend. p. The company paid $1,700 cash for employee wages. q. The company paid $4,000 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.