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x , Wayne Wonder: x \\ G impact on equit Eyebrows. Eyer × \\ D prettylittlething Secure https://newconnect.mheducation.com/flow/connect.html lomework Aracel Engineering completed the following transactions in the month of June a. Jenna Aracel, the owner, invested $240,000 cash, office equipment with a value of $6.600, and $60,000 of drating equipment to launch the company in exchange for common stock b. The company purchased land worth $55,000 for an office by paying $9,000 cash and signing a long-term note payable for $46,000. c. The company purchased a portable building with $58,000 cash and moved it onto the land acqutred in b d. The company paid $3,600 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 $8,700 cash f. The company purchased $25,000 of addtional drafting equipment by paying $12000 cash and signing a long-term note payable for $13,000 g. The company completed $19.500 of engineering services for a client. This amount is to be recerved in 30 days h. The company purchased $1.050 of additional office equipment on L The company completed engineerng services for $20,000 on credt used on a recenty completed job. The $1431 rent cost must be paicd within 30 days k. The company collected $10,000 cash in partial payment from the cient described in transaction g n. The company paid 1050 cach to sene the account peysbie created in transacson h $1,900 cash for wages to a drafting assistant n. The company paid St370 cash for minor maincenance of ins drafting equipment o. The company paid $9,210 cash in dividends p. The company paid $2.400 cash for wages to a drafting assistant The company paid S2.600 casn for adversements on the web during June. Required 1. Prepare general journal entries to record these transactions using the following ttles: Cash (101. Accounts Receivable (106). Prepaid ence ioe Office Equpment n63. Orafting Equipment n64k Building (170) Land (172 Accounts Payable (201 Notes Payable Common Stock (307). Dvidends (319), Engineering Fees Earmed (402), Wages Expense (60h, Equipment Rental Expense (602) (250% Advertising Expense (603) and Repairs Expense (604) 2. Post the journal entnies 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 Required Required 2 Required 3 Prepare a trial balance as of the end of June. 0 Type here to search

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Aracel Engineering
General Journal for the month of June
Ref	Account title	Debit	Credit
a	Cash	240000
	Office equipment	6600
	Drafting equipment	60000
	Common stock		306600
b	Land	55000
	Cash		9000
	Note payable		46000
c	Building	58000
	Cash		58000
d	Prepaid insurance	3600
	Cash		3600
e	Cash	8700
	Engineering fe earned		8700
f	Drafting equipment	25000
	Cash		12000
	Note payable		13000
g	Accounts receivable	19500
	Engineering fe earned		19500
h	Office equipment	1050
	Accounts payable		1050
i	Accounts receivable	20000
	Engineering fe earned		20000
j	Equipment rental expense	1431
	Accounts payable		1431
k	Cash	10000
	Accounts receivable		10000
l	Wages expense	1900
	Cash		1900
m	Accounts payable	1050
	Cash		1050
n	Repair expense	1170
	Cash		1170
o	Dividends	9210
	Cash		9210
p	Wages expense	2400
	Cash		2400
q	Advertising expense	2600
	Cash		2600