The transaction below happened at Areej Company 1. 1" of October, the owner of the company invested 20,000 in the company. 2.394 of October, the company converted 30,000 Note payable to ordinary shares. 3.5th of October, the company bought land for 25,000 on credit. 4, 6 of October, the board of directors declared dividends 6,700 for the ordinary shareholders. 5. 7th of October, the owner of the company withdrew 4,500 for his personal use. 6.9th of October, the company billed the customers 33,000 for the services provided. 7. 11" of October, the company paid electricity 2,500 and rent 4,000. 8. 15 of October, the company issued ordinary shares for 55.000 9. 17th of October, the company paid the land bought on the 56 of October 10.19h of October, the company paid 4,800 for one year insurance starting from the l" of October 11 21" of October, the company received 44,000 for services that should be provided next month. 12. 23rd of October, the owner of the company returned the amount withdrew in the 7th of October 13. 25# of October, the company received maintenance services for their equipment for 5,500 but didn't pay the provider, 14,27" of October, the company sold the used delivery truck for 2,500. 15. 29 of October, the company sold the old office furniture and billed the purchaser for 1.500. 16. 31" of October, paid dividends for the ordinary shareholders 6,700. QI. Show the impact of the above transaction on the accounting equation. Q2. Prepare the journal entries in the general ledger of the company. Q3. Post the journal entries to each account ledger. Q4. Prepare the Trial Balance report for the above. Q5. Consider the following transaction happened next month and prepare the adjusting entries. 1. 2ud of November, the company received the amount billed on the 9th of October 2.7 of November, the company used one month of the insurance services paid for on the 19th of October. 3.8th of November, the company provided services for 22,000 from the services paid on the 21" of the October. 4. 12 of November, the company paid the maintenance services received on the 25th of October Q6. Prepare the adjusting Trial Balance according to the above adjustment. 07. Prepare the Income Statement of the company