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Please full calculation and explanation. Analysis Component:L part of gour answer, include an explana RE: Accounts payable balance, November 30, 2017 $27,000 capital balance, November
Please full calculation and explanation.
Analysis Component:L part of gour answer, include an explana RE: Accounts payable balance, November 30, 2017 $27,000 capital balance, November 30, 2017 $69,100 T-SA Analyzing transactions LO5,7 eXcel Larry Power started a new business in a number of activities occurred and ed a new business in the name of Power Electrical on October 1, 201 oxccurred and the following totals resulted at October 31, 2017 acc ing equation format) Accounts Larry Pe Assets Electrical Office Accounts office $18,000$62 ecelvableSuppliesEquip. EqipPayable Cash + 28,000 +14,00$ $30,000$7,000$1.900 During November, the following occurred: 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 ty paying $1.800 cash. Nov Completed electrical work and immediately collected $2.000 for doing the work. 8 Purchased $5,200 af office equipment on credit. 15 Completed electrical work on credit in the amount of $6,000 16 Interviewed and hired a parttime electrician who will be paid $5.300 each month. He will begin work in three weeks 18 Purchased $1,000 of office supplies on credin 20 Paid for the office equipment purchased on November 8 24 Biled a 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 Paid the office assistant's salary of $4,400. 30 Paid the monthly utility bills of $3,600. 30 Power withdrew S1,400 from the business for personal use. 64Step by Step Solution
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