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 $8,800. 3 Purchased electrical equipment for $34,000 from an electrician who was going out of business, by using $18,000 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 $3,400 cash. 6 Completed electrical work and immediately collected $3,600 for doing the work. 8 Purchased $6,800 of office equipment on credit. 15 Completed electrical work on credit in the amount of $7,600. 16 Interviewed and hired a part-time electrician who will be paid $6,900 each month. He will begin work in three weeks. 18 Purchased $2,600 of office supplies on credit. 20 Paid for the office equipment purchased on November 8. 24 Billed a client $5,600 for electrical work; the balance is due in 30 days. 28 Received $7,600 for the work completed on November 15 . 30 Paid the office assistant's salarv of $6.000