Required 1 Required 2 Required 3 Prepare a trial balance as of the end of June. Aracel Engineering completed the following transactions in the month of June. epossirxre FQ 4H Aa0NT Required: pany pany pany pany pany pany pany pany pany pany pany pany pany pany pany pany . Aracel, the owner, invested $205,000 cash, office equipment with a value of $6,000, and $65,000 of drafting equipment to launch the company in exchange for common stock. The com The com The com The com The com The com The com The com The com The com The com The com The com The com The com The com purchased land worth $51,000 for an office by paying $6,100 cash and signing a note payable for $44,900. purchased a portable building with $58,000 cash and moved it onto the land acquired in b. paid $3,700 cash for the premium on an 18-month insurance policy. provided services to a client and collected $8,900 cash. purchased $33,000 of additional drafting equipment by paying $9,300 cash and signing a note payable for $23,700. completed $13,500 of services for a client. This amount is to be received in 30 days. purchased $1,650 of additional office equipment on credit. completed $28,000 of services for a customer on credit. purchased $1,638 of TV advertising on credit. collected $8,000 cash in partial payment from the client described in transaction g. paid $2,500 cash for employee wages. paid $1,650 cash to settle the account payable created in transaction h. paid $1,170 cash for repairs. paid a $10,980 cash dividend. paid $1,100 cash for employee wages. paid $2,800 cash for advertisements on the Web during June. 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