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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) During November, the following occurred: Nov. 1 Rented office space and paid cash for the month's rent of $3,480. 3 Purchased electrical equipment for $30, eee from an electrician who was going out of business, by using $16,008 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 equipoent. 5 Purchased office supplies by paying $3,60e cash. 6 Cospleted electrical work and inmediately collected $3,260 for doing the work. 8 Purchased $6,400 of office equiphent on credit. 15 Completed electrical work on credit in the amount of $7,200. 16 Interviewed and hired a part-tine electrician who wili be paid $6,500 each month. He will begin work in three weeks. 18 Purchased $2,200 of office supplies on credit. 20 Paid for the office equipment purchased on Novenber s. 24 Billed a client $5,400 for electrical work; the balance is due in 3e days. 28 Recelved $7,200 for the work completed on Novenber 15. 8 Purchased $6,4e of office equiptrent on credit. 15 Completed electrical work on credit in the anount of $7.200. 16 Interviewed and hired a part-time electrician who will be paid $6,509 each month, He will begin work in three weeks. 18 Purchased $2,260 of office supplies on credit. 20 Paid for the office equipment purchased on November 8 . 24 Billed a client $5,400 for electrical work; the balance is due in 30 days. 28 Received $7,200 for the work completed on hovenber 15. 30 Paid the office assistant's salary of $5,60e. 30 Paid the nonthly utility bills of $4,809. 30 Power withdrew $2,6ea fron the business for persenal 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 equation is in balance. (Enter all amounts as positive values. If the transaction/event does not affect equity or does not require a journal entry, select "No Affect on Equity" in the 'Explanation of equity transaction' field.)

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