Problem $18$AAnalyzing transactions LO$5,7$

CHECK FIGURE: Accounts payable balance, November $30,2017=$ $$27,000$

Larry Power, Capital balance, November $30,2017=$ $$69,100$

Larry Power started a new business in the name of Power Electrical on October $1,2017.$ During October,

a number of activities occurred and the following totals resulted at October $31,2017($shown in accounting

equation format$)$:

During November, the following occurred:

also explain the answer of last question

why revenue is not recorded

Analysis Component: Revenue is not recorded on November $28.$ Explain, using your understanding of

GAAP.