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0. J. Aracel, the owner, invested $245,000 cash, office equipment with a value of $8,600, and $63,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $60,000 for an office by paying $9.900 cash and signing a note payable for $50,100 c. The company purchased a portable building with $58.000 cash and moved it onto the land acquired in b. d. The company pald $2.700 cash for the premium on an 18-month insurance policy. e. The company provided services to a client and collected $10,000 casti f. The company purchased $21000 of additional drafting equipment by paying $9,900 cash and signing a note payable for $11.100 9. The company completed $15,000 of services for a client. This amount is to be received in 30 days. h. The company purchased $1.250 of additional office equipment on credit. 1. The company completed $27,000 of services for a customer on credit J. The company purchased $1.494 of TV advertising on credit, k. The company collected 59,000 cash in partial payment from the client described in transaction g. 1. The company paid $1600 cash for employee wages m. The company paid $1.250 cash to settle the account payable created in transaction n. The company paid $1,020 cash for repairs. o. The company paid a $10,440 cash dividend p. The company paid $1500 cash for employee wages. 9. The company paid $3,100 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 vour answers in the tabs below. Pro Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106. Accounts Receivable Transaction Balance Transaction Debit Credit Balance Transaction 108: Prepaid Insurance Debit Credit Balance Transaction 163: Office Equipment Debit Credit Balance ok nces Transaction 164: Drafting Equipment Debit Credit Balance Transaction 170: Building Debit Credit Balance Transaction 172: Land Debit Credit Balance Transaction 201: Accounts Payable Debit Credit Balance Prepare a trial balance as or the end of June. ARACEL ENGINEERING Trial Balance June 30 Debit Credit ho Totals $ 0 $ 0

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