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 cquation format): During November, the following occurred: Nov: 1 Fented office space and pald cash for the month's rent of 51,490 , 3 Rurchased electrical equifeent for 530,000 from an electricsas wio was going out of business, by the impect of the ouner's deposit of cash in the business before recording the purchase of the equipoent. 5. Parchased office supplites by paying $3; 600 cash. 6. Completed electrital work and imediately, collected 53,269 for doing the work. i. Norchased $5,400 of effice equipment on credit. 15 Coepleted electrical work on credit in the aeount of 57,200. 16 interviened and hired a part time electrician who will be paid 36,360 , each muth, He will begin wark in three weeks. 18 Purchesed $2,200 of office supplies on credit. 20 Paid for the offlice equipeent purchased on floveber 8 . 24 Billed a client $5,400 for electrieal work, the balance is dus in 30 days. 30 'paid the office essistant's salary of $5,600. 36 Faid the monthly utility bilis of $4,600. 30 Fower withdrew 52,609 from the business for persunal use