question archive On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business

On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business

Subject:AccountingPrice: Bought3

On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and affected the following accounts:

Cash

 

Accounts Payable

Accounts Receivable

 

Shawn Dahl, Capital

Office Equipment

 

Revenue

Canoe and Kayak Equipment

 

Expenses

 

Following are the transactions:

1. Shawn Dahl invested $44,400 in cash to open the business

2. Paid $12,100 in cash for the purchase of kayak and canoe equipment

3. Paid $1,850 in cash for rent expense

4. Purchased additional kayak and canoe equipment for $4,600 on credit

5. Received $4,700 in cash for kayak rentals

6. Rented canoes and kayaks for $2,000 on account

7. Purchased office equipment for $205 in cash

8. Received $1,200 in cash from credit clients

9. Shawn Dahl withdrew $2,300 in cash for personal expenses

Based on the information shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?

 

 

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