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Earny Powcrstarted a new business in the name of Power Electuical on October 1, 2023. During October, a number of activities occlirted and the following totals resulted at October 31,2023 (shown in accounting equation format): During Novernber, the following occurred: Nov. 1 Mented offlce ssace and paid cash for the eonth's rent of $9,100. 3 Purchased electrical equipent for $37,000 froe an electrician who was going out of bushthess, by using $19,500 in personal funds and egreoing to pay the balance In: 30 , drys. Hint: Reainder to record the impoct of the omer's deposit of cash in the business before recording the purchate of the equipeent. 5 Purchased office supplies by paying $3,700 cash. 6 coapleted electrical work and immediately collected $3,900 for doing the work. 8 purchased $7,100 of offlce equipment on credit. as Coepleted electrical work on credit in the ancunt of 57,900. In three leeks. 18 Purchased $2,900 of osflict supplies on credit. 20 Pald for the office equipent purchased on Noventer-8. 24 Billed a client 35 , 750 for electrical work; the balance is dae in 10 davs. 28 Received $7,900 fon the work conpleted on Novenber 15 . 30 Pald the office asilstant"s salary of 36,300 . 3e paid the nonthly ut 13 ity bills of $5,500. 30 Pouer withireu 53 , 709 fron the business for personal use

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