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): Cash $39,000 + Accounts Receivable $7,900 Nov. Assets Office + Supplies $2,800 + + 17 Office Equip. $37,000 + + Electrical Equip. $18,500 KENGRE Liabilities Accounts Payable $27,000 During November, the following occurred: 1 Rented office space and paid cash for the month's rent of $8,100. 3 Purchased electrical equipment for $27,000 from an electrician who was going out of business, by using $14,500 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 equipment. 5 Purchased office supplies by paying $2,700 cash. 6 Completed electrical work and immediately collected $2,900 for doing the work. 8 Purchased $6,100 of office equipment on credit. 28 Received $6,900 for the work completed on November 15. 30 Paid the office assistant's salary of $5,300. 30 Paid the monthly utility bills of $4,500. 30 Power withdrew $2,300 from the business for personal use. Equity Larry Power, Capital $78,200 15 Completed electrical work on credit in the amount of $6,900. 16 Interviewed and hired a part-time electrician who will be paid $6,200 each month. He will begin work in three weeks. 18 Purchased $1,900 of office supplies on credit. 20 Paid for the office equipment purchased on November 8. 24 Billed a client $5,250 for electrical work; the balance is due in 30 days.

Larry Power started a new business in the name of Power Electrical on October 1.2023. During October, a number of activitiet occurred and the following totals resulted at October 31,2023 (shown in accounting equation format). During November, the following occurred: Nov. 2 Rented office space and paid cash for the month's rent of 38,160. 3 Purchased electrical equipment for $27,009 frce an electrician who was going out of business, by using $14,500 in personal funds and agreeing to poy the balance in 30 days. Hint: Reminder to record the inpact of the owner's deposit of cash in the business before recording the purchase of the equipment. 5 Purchesed office supplies by paying $2,700 cash. 6 Completed electrical work and Immediately collected $2,900 for doing the wark, 8 Purchased $6,100 of office equipment on credit. 15 Completed electrical work on credit in the amount of $6,900. 16 Interviewed and hired a part-time electrictan who wi1 be paid 56,200 each month, He will begin work in three weeks. 16 Purchosed $1,903 of office supplies on credit. 20 pald for the offlec equipment purchased on November 8. 24 billed a client $5,250 for electrical work; the bolance is due in 30 days. 28 Recelved $6,900 for the work completed on liovember 15. 30 Pold the office assistant's salary of $5,300. 30 paid the monthly utility bills of $4,569. 30 Power withdrew $2,300 from the business for personal use