The transaction below happened at Areej Company:

1. 1^st of October, the owner of the company invested 20,000 in the company.
2. 3^rd of October, the company converted 30,000 Note payable to ordinary shares.
3. 5^th of October, the company bought land for 25,000 on credit.
4. 6^th of October, the board of directors declared dividends 6,700 for the ordinary shareholders.
5. 7^th of October, the owner of the company withdrew 4,500 for his personal use.
6. 9^th of October, the company billed the customers 33,000 for the services provided.
7. 11^th of October, the company paid electricity 2,500 and rent 4,000.
8. 15^th of October, the company issued ordinary shares for 55,000
9. 17^th of October, the company paid the land bought on the 5^th of October.
10. 19^th of October, the company paid 4,800 for one-year insurance starting from the 1^st of October.
11. 21^st of October, the company received 44,000 for services that should be provided next month.
12. 23^rd of October, the owner of the company returned the amount withdrew in the 7^th of October.
13. 25^th of October, the company received maintenance services for their equipment for 5,500 but didnt pay the provider.
14. 27^th of October, the company sold the used delivery truck for 2,500.
15. 29^th of October, the company sold the old office furniture and billed the purchaser for 1,500.
16. 31^st of October, paid dividends for the ordinary shareholders 6,700

1. Show the impact of the above transaction on the accounting equation.

		Post Ref	Debit	Credit
1rdOct	Cash Cahier Capital		20,000	20,000
3rd Oct	Note payable ordinary shares		30,000	30,000
5th Oct	Cash bought land		25,000	25,000
6th Oct	Reserves Dividends payable		6,700	6,700
7th Oct	Equity Cash		4,500	4,500
9th Oct	Cash. services Revenue		33,000	33,000
11th Oct	Electricity Rent Cash		2,500 4,000	6.500
15th Oct	ordinary shares cash=		55,000	55,000
17th Oct	Account payable Cash		25,000
19th Oct	Insurance Expense Cash		4,800	4,800
21st Oct	Cash Services		44,000	44,000
23rd Oct	Cash withdrew		4,500	4,500
25th Oct	services equipment Account payable		5,500	5,500
27th Oct	Cash delivery truck		2,500	2,500
29th Oct	Account Receivable furniture		1500	1500
31st Oct	Dividends Cash.		6,700	6,700

Q2. Prepare the journal entries in the general ledger of the company.