Problem 1-8AAnalyzing transactions LO5,7 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 Dunng October, a number of activities occurred and the following totals resulted at October 31, 2017 (shown in accounting equation format) A SAVES Cash $30,000 Accounts Receivable + $7,000 Office Supplies $1,900 Office Electrical Equip Equip Accounts Pagal capital $28,000 $14.000 $18,000 $62.900 Purchased ofco suppees by paung SL800 cash NOV 6 8 Purchased $6.200 otomce equipment on creat 15 Competed alectical During November, the following occurred NOV Rorted office space and paid cash for the montres rent of $7300 Purchased electrican oquipment for $18.000 nom un electron who was going out of business, by using $10,000 in personal hunds and agreeing to pay the t ance in 30 days compatent ectrical won and immediately collected $12.000 for doing the wo cat in the amount of $6,000 26 Interviewed and hiri po $300 ich mom how high we wok 18 Purchioco $1 20 Pud for the Novemb 24 the banca 30 pays ecos S000 tor me won