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ent 1- Larry Power started a new business in the name of Power Electrical on October 1, 2023, During October, a number of activities occurred and the following totals resulted at October 31, 2023 (shown in accounting equation format): Accounts Cash Receivable $40,000+ $8,000 + Assets Office + Supplies + $2,900 office Equip. $38,000 Electrical Equip. $19,000 Seved = Liabilities + Accounts Payable $28,000 + 18 Purchased $2,000 of office supplies on credit. 20 Paid for the office equipment purchased on November 8. During November, the following occurred: Nov. 1 Rented office space and paid cash for the month's rent of $8,200. 3 Purchased electrical equipment for $28,000 from an electrician who was going out of business, by using $15,000 in personal funds and agreeing to pay the balance in 30 days. Hint: Reminder to record the impact of the owner's deposit of cash in the business before recording the purchase of the equipment. 5 Purchased office supplies by paying $2,800 cash. Equity Larry Power, Capital $79,900 6 Completed electrical work and immediately collected $3,000 for doing the work. 8 Purchased $6,200 of office equipment on credit. 15 Completed electrical work on credit in the amount of $7,000. 16 Interviewed and hired a part-time electrician who will be paid $6,300 each month. He will begin work in three weeks. 24 Billed a client $5,300 for electrical work; the balance is due in 30 days. 28 Received $7,000 for the work completed on November 15. 30 Paid the office assistant's salary of $5,400. 38 Paid the monthly utility bills of $4,600. 30 Power withdrew $2,400 from the business for personal use. Required: Complete the following table. Use additions and subtractions to show the effects of each November activity on the items in the equation. For each change in equity, select whether the change was caused by an investment, a revenue, an expense, or a withdrawal. Determine the final total for each item and verify that the ansation is in balance /Enter all amount ac nocitive values if the

Larry Power started a new business in the name of Power Electrical on October 1, 2023, During October, a number of actlvilies occurred and the following totals resulted at October 31,2023 (stiown in accounting equation format): During November, the following occurred: Nov. 1 Rented office space and paid cash for the nonth's rent of 58,200. 1. Purchased electrical equiphent for $28,000 froe an electrictan who was going out of business, by usine $15,000 in personal funds and agreeing to pay the halance in 39 days. Hint: Reeinder to record. the inpact of the ouner's deposit of cash in the business before recording the purchase of the equipeent. 5 Purchased office supplies by paying $2,800 cash. 5 Coepleted electrical work and imandiately collected $3, aeg for doing the work. 5 . Purchased $6,260 of offico equipmeit on credit. 15 Completed electrical mork on condit in the amount of 57,609 . 16 Interviesed and hired a part-time electrician who will be paid $6,300 eoch month. He wil begin work in three reeks. 38 Purchased $2,60e of office supplies on credit. 20 . Paid for the office equipent purchatiod on Novenber 8. 24 billed a client $5,300 for electrical nork; the balance is dive in 39 days. 20 Hecelved $7, eoe for the nork coopleted on November- 15. 39 Paid the office assistant's salary of $5,400. 39 Paid the monthly utility bins of $4,600. 30 Power withdrew 52,400 fron the business for personal use. Required: Complete the following table. Use additions and subtractions to show the effects of each November activity on the items in the equation. For each change in equity, select whether the change was caused by an investment, a revenue, an expense, or a withdrawa

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