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During November, the following occurred: Nov. 1 Rented office space and paid casb for the month's rent of $6,400. 3 Purehaned electrical equipment for $34,000

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During November, the following occurred: Nov. 1 Rented office space and paid casb for the month's rent of $6,400. 3 Purehaned electrical equipment for $34,000 from an electrician wha vas golng out of business, by using $18,000 in personal funds and agreeing to pay the balance in 30 days. Hints Reninder to record the impact of the owner' deposit of eash in the buainess before recording the purehase of the equipnent. 5 Purchased offlee supplien by paying $3,400 eash. Nov. 6 Completed eleetrical work and imnediately collected 53,500 tor doing the work. is Purohased 56,800 of office equipment os eredit. of $7,600, 16 Interviewed and hired a part-tine electrielan who will be pald se, 900 each manth. He vili begin work in three weeka. 18. Parchaned $2,600 of office nupplias on eredit. 20 Paid for the offtce equipnent purchaned on Novenber A. 24 Billed a elient $5,600 for electrical works the balanea in doe in 30 doya. 28 Meceived $7,600 for the vork ooxpleted on Noyerber is. 30 Paid the office assiatant's lalary of ' $6,000. 30 Pald the monthly utility billi of 55,200 . for pereonal use. Required: Complete the following table. Use additions and subtractions to show the effects of each November activity on ene eeris 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 verity that the equation is in balance. (Enter all amounts as positive values. If the transactionievent does not affect equity or do not require a joumal entry. select "No Affect on Equity" in the 'Fxolanation of equity transaction' fleld.)

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