Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 Aracel Engineering completed the following transactions in the month of June. 6. Jenna Aracel, the owner, invested $240,000 cash, office equipment with a value of $8,300, and $63,000 of drafting equipment to b. The company purchased land worth $54,000 for an office by paying $8,100 cash and signing a long term note payable for $45.900 c. The company purchased a portable building with $57000 cash and moved it onto the land acquired in b. d. The company paid $4700 cash for the premium on an 18-month insurance policy e. The company completed and delivered a set of plans for a client and collected $7,600 cash 1. The company purchased $28,000 of additional drafting equipment by paying $10,200 cash and signing a long-term note payable for $17,800 g. The company completed $17.500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,800 of additional office equipment on credit I. The company completed engineering services for $25,000 on credit J. The company received a bill for rent of equipment that was used on a recently completed job. The $1,496 rent cost must be paid within 30 days k. The company collected $6,000 cash in partial payment from the client described in transaction 9 1. The company paid $1,500 cash for wages to a drafting assistant m. The company paid $1,800 cash to settle the account payable created in transaction h. n. The company paid $1,060 cash for minor maintenance of its drafting equipment o. The company paid a $10,380 cash dividend p. The company paid 51700 cash for wages to a drafting assistant 9. The company paid $4,100 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): Engineering Fees Earned (4021, Wages Expense (601): Equipment Rental Expense (602). 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 your answers in the tabs below