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Shelley Herzog started a research services business near the university's headquarters The company gave the name Herzog Researchers Ltd . , and the company during

Shelley Herzog started a research services business near the university's headquarters
The company gave the name Herzog Researchers Ltd., and the company during
The first month of operations, July 2006, with the following transactions: A- The company issued its common shares to Shelly Herzog, who invested 40,000 riyals to begin receiving the company in cash.
B The company purchased supplies at a cost of 1,000 riyals on account.
C The company paid 16,000 riyals to buy lands next to the university
It intends to use this land as a site to build the company's services office. The company conducted research for clients and received 7,000 riyals from them. E The company paid SAR 300 from the creditors account balance in transaction B.
Herzog paid 5,000 riyals of her own money for the vacation. The company paid cash expenses for the office rent (500 riyals)
And service expenses (200) riyals).
The company sold a quarter of the plot of land it owned for 5,000 riyals. i The company announced dividends and paid them in cash in the amount of 2,000 riyals.
Required:
1- Analyze the previous transactions in light of their impact on the accounting equation, Herzog Research Limited.
2- Prepare an income statement, a list of changes in equity, and a list
Financial position of Herzog Research Ltd. at the end of July 2006

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