The transaction below happened at Areej Company: 1. 1st of October, the owner of the company invested 20,000 in the company. 2. 3rd 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. 6th 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. 11th of October, the company paid electricity 2,500 and rent 4,000. 8. 15th of October, the company issued ordinary shares for 55,000 9. 17th of October, the company paid the land bought on the 5th of October. 10. 19th of October, the company paid 4,800 for one year insurance starting from the 1st of October. 11. 21st 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. 25th of October, the company received maintenance services for their equipment for 5,500 but didnt pay the provider. 14. 27th of October, the company sold the used delivery truck for 2,500. 15. 29th of October, the company sold the old office furniture and billed the purchaser for 1,500. 16. 31st of October, paid dividends for the ordinary shareholders 6,700.

Q3. Post the journal entries to each account ledger.