Annabelle Smith started a new business in the name of Smith 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): Assets = Liabilities + Equity Cash + Accounts Receivable + Office Supplies + Office Equip. + Electrical Equip. = Accounts Payable + Annabelle Smith, Capital $35,000 + $7,500 + $2,400 + $33,000 + $16,500 = $23,000 + $71,400 During November, the following occurred: Nov. 1 Rented office space and paid cash for the months rent of $7,700. 3 Purchased electrical equipment for $23,000 from an electrician who was going out of business, by using $12,500 in personal funds and agreeing to pay the balance in 30 days. 5 Purchased office supplies by paying $2,300 cash. 6 Completed electrical work and immediately collected $2,500 for doing the work. 8 Purchased $5,700 of office equipment on credit. 15 Completed electrical work on credit in the amount of $6,500. 16 Interviewed and hired a part-time electrician who will be paid $5,800 each month. He will begin work in three weeks. 18 Purchased $1,500 of office supplies on credit. 20 Paid for the office equipment purchased on November 8. 24 Billed a client $5,050 for electrical work; the balance is due in 30 days. 28 Received $6,500 for the work completed on November 15. 30 Paid the office assistants salary of $4,900. 30 Paid the monthly utility bills of $4,100. 30 Smith withdrew $1,900 from the business for personal use. Required: Create the table as indicated above in your answer. Show the effects of each November transaction 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.