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 $$9,200.$

$3$ Purchased electrical equipment for $$38,000$ from an electrician who was going out of

business, by using $$20,000$ 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 $$3,800$ cash.

$6$ Completed electrical work and immediately collected $$4,000$ for doing the work.

$8$ Purchased $$7,200$ of office equipment on credit.

$15$ Completed electrical work on credit in the amount of $$8,000.$

$16$ Interviewed and hired a part$-$time electrician who will be paid $$7,300$ each month. He will

begin work in three weeks.

$18$ Purchased $$3,000$ of office supplies on credit.

$20$ Paid for the office equipment purchased on November $8.$

$24$ Billed a client $$5,800$ for electrical work; the balance is due in $30$ days.

$28$ Received $$8,000$ for the work completed on November $15.$

$30$ Paid the office assistant's salary of $$6,400.$

$30$ Paid the monthly utility bills of $$5,600.$

$30$ Power withdrew $$3,400$ from the business for personal use.