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Can someone help me in checking my answer with explanation please! Thank you so much! The following table shows the effects of each November activity

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Can someone help me in checking my answer with explanation please! Thank you so much!

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The following table shows the effects of each November activity on the items in the equation. Accounts Office Office Electrical Accounts Larry Explanation of Equity Cash Receivable Supplies Equip. Equip. Payable Power , Capital Transaction Bal . Oct. 31 $ 46, 000 $ 8,600 $ 3,500 $ 44, 000 $ 22,000 $ 34, 000 $ 90, 100 Nov. 1 - 8,800 8 , 800 Rent expense W + 18, 000 + 18,000 Investment by owner 3 - 18, 000 +$ 34, 000 +$ 16, 000 5 - 3,400 + 3,400 6 + 3,600 + 3, 600 Electrical fees earned 8 + 6,800 + 6,800 15 + 7,600 009'L + Electrical fees earned 16 18 + 2, 600 + 2, 600 20 - 6,800 - 6, 800 24 + 5 ,600 + 5,600 Electrical fees earned 28 + 7,600 - 7,600 30 6,000 - 6,000 Salaries expense 30 - 5, 200 - 5, 200 Utilities expense 30 - 3,000 3,000 Withdrawal by owner $ 24, 000 $ 14, 200 $ 9,500 $ 50, 800 $ 56, 000 $ 52, 600 $101, 900 $154, 500 $ 154, 500 Required: 1. Using the above information, prepare an income statement.Required: 1. Using the above information, prepare an income statement. Revenues: Electrical fees earned _ $ 16,800 Operating expenses: to am we Utilities expense 5,200 2. Using the above information, prepare a statement of changes in equity. POWER ELECTRICAL Statement of Changes in Equity For Month Ended November 30, 2023 Larry Power, capital, November 1 $ 90, 100 Add: Investments by owner 18,000 Total $ 108, 100 Less: Withdrawals by owner $ (3,000) Less: Loss (3,200) (6,200) Larry Power, capital, November 30 $ 101,9003. Using the above information, prepare a balance sheet. POWER ELECTRICAL Balance Sheet November 30, 2023 Assets Liabilities Cash $ 24,000 Accounts payable $ 52,600 Accounts receivable 14,200 Office supplies 9,500 Office equipment 50,800 Equity Electrical equipment 56,000 Larry Power, capital 101,900 Total assets 154,500 Total liabilities and equity $ 154,500Larry 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): Assets = Liabilities + Equity Accounts Office Office Electrical Accounts Larry Power, Cash + Receivable + Supplies + Equip. + Equip. Payable + Capital $46,666 + $8,666 + $3,566 + $44,666 + $22,666 $34,666 + $96,166 During November, the following occurred: H Nov. Rented office space and paid cash for the month's rent of $8,866. Purchased electrical equipment for $34,666 from an electrician who was going out of business, by using $18,666 in personal funds and agreeing to pay the balance in 36 days. Purchased office supplies by paying $3,466 cash. Completed electrical work and immediately collected $3,666 for doing the work. 5 6 3 Purchased $6,866 of office equipment on credit. 5 6 DJ Completed electrical work on credit in the amount of $7,666. Interviewed and hired a part-time electrician who will be paid $6,666 each month. He will begin work in three weeks. 18 Purchased $2,666 of office supplies on credit. 26 Paid for the office equipment purchased on November 8. 24 Billed a client $5,666 for electrical work; the balance is due in 36 days. 28 Received $7,666 for the work completed on November 15. 36 Paid the office assistant's salary of $6,666. 36 Paid the monthly utility bills of $5,266. 36 Power withdrew $3,666 from the business for personal use

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