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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

image text in transcribed 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): During November, the following occurred: Nov. 1 Rented office space and paid cash for the month's rent of $7,700. 3 Purchased electrical equipment for $23,000 from an electrician who was going out of business, by using $12,500 in personal funds and agreeing to pay the balance in 30 days. 5 Purchased office supplies by paying $2,300 cash. 6 Completed electrical work and immediately collected $2,500 for doing the work. 8 Purchased $5,700 of office equipment on credit. 15 completed electrical work on credit in the amount of $6,500. 16 Interviewed and hired a part-time electrician who will be paid $5,800 each month. He will begin work in three weeks. 18 Purchased $1,500 of office supplies on credit. 20 Paid for the office equipment purchased on November 8. 24 Billed a client $5,050 for electrical work; the balance is due in 30 days. 28 Received $6,500 for the work completed on November 15. 30 Paid the office assistant's salary of $4,900. 30 Paid the monthly utility bills of $4,100. 30 Power withdrew $1,900 from the business for personal use. MEERAS CLICKZE the following table. Use additions and subtractions to show the effects of each November activity on the items in the REDMINOTEI9ERRO MAX equation. For each change in equity, select whether the change was caused by an investment, a revenue, an expense, or a withdrav

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