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Q 1 : Alsafi Company entered into these transactions duringMay 2 0 1 7 , its first month of operations . 1 . Shareholders invested
Q: Alsafi Company entered into these transactions duringMay its first month of operations Shareholders invested SR in the business in exchange for common stock of the company Purchased land for the production site for SR from on account Paid SR cash for rent expense Sold products Milk and Butter to Panda worth SR on account Performed computer services to Lawton Construction Company for cash Paid Southern States Power Co SR cash for energy usage in May Paid liability for purchasing land in Received SR cash from Panda in Required:Using the following tabular analysis, show the effect of each transaction on the accounting equation. Ignore the explanation.
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