2-2A (Static) Preparing and posting journal entries; preparing a trial balance LO A1, P1 Aracel Engineering completed the following transactions in the month of June. J. Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company in exchange for common stock. The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a note payable for $42,700. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b. The company paid $3,000 cash for the premium on an 18-month insurance policy. The company provided services to a client and collected $6,200 cash. The company purchased