ACCT 201 Intro to Financial Accounting Participation (1) Bye DANONE ALSAFI Alsafl Company entered into these transactions during May 2017, its first month of operations. 1. Shareholders invested SR 70,000 in the business in exchange for common stock of the company 2. Purchased land for the production site for SR 45,000 from on account. 3 Paid SR 7.000 cash for rent expense 4. Sold products (Milk and Butter) to Panda worth SR 10.000 on account 5. Performed computer services to Lawton Construction Company for 5,000 cash. 6. Paid Southern States Power Co. SR 8,000 cash for energy usage in May. 7. Paid liability for purchasing land in (2). 8. Received SR 10,000 cash from Panda in (4) Required: Using the following tabular analysis, show the effect of each transaction on the accounting equation. Ignore the explanation. Liabilities Assets Accounts Receivable - Equipment Account Stockholders' Equity Common Retained Earnings Stock Revenue - Expenses Cash Payable - EEEEEEEEE