was was cared. What does this mean? Aspa Ana LOS7 eder CHECK PUB 2002 Lay Pow Canal balance, Lamy w buss in the mea Belor tober 20120. During October, number of war and the follow reset at der 1, 2020 (shown in accounting Benedicted cash for the month 57200 Problem 1-11A I Identify how eac sheet, identify ha identify how ea If there is a des "+/-"in the 1 Owr Sel 2 3 Equity Larry Power, Capital $62.900 2000 Labies Accounts Payable $18.000 5 Electrical 6 ama As Omice E $14.000 - 7 + + 8 SL300 . Stacdecreeret for $18.000 from an electrician who was going out of business, by using $10.000 personer fra and agreeing to pay the balance in 30 days Purchased office supplies by paying $1.000 cash Corted electric work and immediately collected $2,000 for doing the work 5 Now 6 8 15 16 18 Purchased $5.200 of office equipment ondt Completed electrical work on credit in the amount of $6.000 Interviewed and had a part time electrician who will be paid $5.300 each month. He will begin work in three weeks Purchased $1.000 of office supplies on credit Paid for the office equipment purchased on November 8. Biled a client $4800 for electrical work the balance is due in 30 days. Received $6.000 for the work completed on November 15, 20 24 28 30 30 30 Paid the office assistant's salary of $4,400. Pald the monthly billybils of $3.600 Power withdrew $1,400 from the business for personal use. Required Use additions and subtractions to show the effects of each November activity on the items in the equation. Do not determine new totals for the items of the equation after each transaction. Next to each change in equity, state whether the change was caused by an investment, a revenue, an expense, or a withdrawal. Determine the final total for each item and verify that the equation is in balance. Analysis Component: Revenue is not recorded on November 28. Explain, using your understanding of GAAP. Deal