Liabilitie Assets = S +Equity Larry Accounts Office Power, Recelivabl Supplie Office Electrica Accounts Capita Cash + * S +Equip. +1 Equip. = Payable + 1 $41, 00 0 $29, 000 +$810' ee + $8,100 + $3,000 3i;00+ $19, 500 During November, the following occurred: Nov. 1 3 16 18 24 28 Rented office space and paid cash for the month's rent of $8,300. Purchased electrical equipment for $29,000 from an electrician who was going out of business, by using $15,500 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. Purchased office supplies by paying $2,900 cash. Completed electrical work and immediately collected $3,100 for doing the work. Purchased $6,300 of office equipment on credit. Completed electrical work on credit in the amount of $7,100. Interviewed and hired a part-time electrician who will be paid $6,400 each month. He will begin work in three weeks. Purchased $2,100 of office supplies on credit. Paid for the office equipment purchased on November 8. Billed a client $5,350 for electrical work; the balance is due in 30 days. Recelved $7,100 for the work completed on November 15