as war der 3. V shown in Mc Larry we canal balance, Tende Predu domates going out of business, by using Phased by Completed and indollected $2.000 for cough work Purchased $5.2020 con pret Comidoramount of $6007 Prewed and head who will be paid $5,200 euch month. He will begin work in three weeks Apl O Problem I-IIA Identify how ea sheer, identify identify howe If there is a de a +/-"in the October, accounting Ows Sell 2 Equity Larry Power, Capital $62.900 AC 3 A + Accounts Payable $18.000 5 6 Equip 7 $14.00 + 8 SO 9 10 15 16 24 Archased $1.000 of orice supplies on crede Par for the offor equipment purchased on November 8 Billed a client 4.800 free cal won the balance is due in 30 days. Received $6.000 for the work completed on November 15. 28 30 30 Paid the office assister's salary of 54,400 Paid the monthly utilybils of $3.600 Power withdrew $ 1.400 from the business for personal use. 30 Required Use additions and subtractions to show the effects of each November activity on the items in the equation. Do not determine new totals for the items of the equation after each transaction Next to each change in equity, state 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. Analysis Component: Revenue is not recorded on November 28. Explain, using your understanding of GAAP. Problem 1-10A Preparing financial statements L08 HECK FIGURES: Loss = $2,400, Total assets for