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. During October, a number of activities occurred and the following totals resulted at October 31, 2017 (shown in accounting equation format) Accounts Office office Cash Recolvablo + Supplios $30,000+ $7,000 $1,900 Equip $28,000 + Electrical Equip Accounts Pagatio + Larry Powat Capital $14.000 $18.000 + $62.900 During November, the following occurred NOV 3 NOV Rented office space and paid cash for the months ront of $7.2001 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 30 days Purchased office supplies by paying $1.800 cash completed electrical work and imeoutay colected $2,000 for doing the work Purchased 10,200 or office equipment on creat 15 Completed ectrical work on chode in the amount of $0.000 16 Interviewed and reed a part time lecken whow to paid $5.300 each month. He wit begin work in woo Purchased $1,000 or office suppees on crat 20 Paid for the office equipment puronned on November 24 Bled a cnt $4.00 for eccatwas the hairce is in 30 days 28 Roceved $6.000 for the wore completed on November 15 30 Pot the office assistants salary if 400 30 Pair the anonthly unity be or $1000 30 Power withonw $1.400rom the business for person