Q$1$: Alsafi Company entered into these transactions during May $2017,$ its first month of operations.

Shareholders invested SR $70,000$ in the business in exchange for common stock of the company $.$

Purchased land for the production site for SR $45,000$ from on account.

Paid SR $7,000$ cash for rent expense.

Sold products $($Milk and Butter$)$ to Panda worth SR $10,000$ on account.

Performed computer services to Lawton Construction Company for $5,000$ cash.

Paid Southern States Power Co$.$ SR $8,000$ cash for energy usage in May.

Paid liability for purchasing land in $(2).$

Received SR $10,000$ cash from Panda in $(4).$

GENERAL LEDGER

Cash

Cash

$\backslash$table$[[$Date$,$Explanation,Debit,Credit,Balance,$],[$May$,,,,,],[,,,,,],[,,,,,],[,,,,,],[,,,,,],[,,,,,]]$

Accounts Receivable

$110$

$\backslash$table$[[$Date$,$Explanation,Debit,Credit,Balance,$],[$May$,,,,,],[,,,,,]]$

Account payable

$120$

$\backslash$table$[[$Date$,$Explanation,Debit,Credit,Balance,$],[$May$,,,,,],[,,,,,]]$

Revenues

$\backslash$table$[[$Date$,$Explanation,Debit,Credit,Balance,$],[$May$,,,,,],[,,,,,]]$

Expenses

$200$

$\backslash$table$[[$Date$,$Explanation,Debit,Credit,Balance,$],[$May$,,,,,],[,,,,,]]$