Aracel Engineering completed the following transactions in the month of June.

a. To launch the company, Jenna Aracel, the owner, invested $215,000 cash, office equipment with a value of $8,700, and $74,000 of drafting equipment in exchange for common stock.

b. The company purchased land worth $55,000 for an office by paying $9,400 cash and signing a long-term note payable for $45,600.

c. The company purchased a portable building with $59,000 cash and moved it onto the land acquired in b.

d. The company paid $3,800 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 $8,600 cash.

f. The company purchased $34,000 of additional drafting equipment by paying $11,900 cash and signing a long-term note payable for $22,100.

g. The company completed $15,500 of engineering services for a client. This amount is to be received in 30 days.

h. The company purchased $1,100 of additional office equipment on credit.

i. The company completed engineering services for $22,000 on credit.

j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,512 rent cost must be paid within 30 days.

k. The company collected $8,000 cash in partial payment from the client described in transaction g.

l. The company paid $1,900 cash for wages to a drafting assistant.

m. The company paid $1,100 cash to settle the account payable created in transaction h.

n. The company paid $980 cash for minor maintenance of its drafting equipment.

o. The company paid $10,790 cash in dividends.

p. The company paid $1,200 cash for wages to a drafting assistant.

q. The company paid $3,300 cash for advertisements on the Web during June.

  Required:

1. Prepare general journal entries to record these transactions.

2. Post the journal entries from part 1 to the ledger accounts.

3. Prepare a trial balance as of the end of June.