Larry Power started a new business in the name of Power Electrical on October 1, 2020. During October, a number of activities occurred and the following totals resulted at October 31, 2020 (shown in accounting equation format) Cash $30,000 Assets Accounts office Receivable + Supplies $7. + $1,900 office Equip + $28.000 + Electrical Equip $14.000 Slabilities Accounts Payable $18,000 Equity Larry Power, Capital 562,90 . During November, the following occurred: Nov. 1 Rented office space and paid cash for the month's rent of $7,200. 3 Purchased electrical equipment for $18,000 from an electrician who was going out of business, by using $10,000 in personal funds and agreeing to pay the balance in 30 days. 5 Purchased office supplies by paying $1,800 cash. 6 Completed electrical work and Innediately collected $2,000 for doing the work. Purchased 55,200 of office equipment on credit. 15 Completed electrical work on credit in the amount of $6,000. 16 Interviewed and hired part-time electrician who will be paid 55,300 each month. He will begin work in three weeks. 18 Purchased $1,000 of office supplies on credit. 20 Paid for the office equipment purchased on November 8. 24 Billed client $4,800 for electrical work; the balance is due in 30 days. 28 Received $6,000 for the work completed on November 15. 30 Pald the office assistant's salary of $4,400. 30 Pald' the monthly utility bills of $3,600. 30 Power withdrew 51,400 from the business for personal use. The following table shows the the effects of each November activity on the items in the equation