Reference no: EM132468728

Required information

Question : 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

Transactions

Point 1: Shawn Dahl invested $44,300 in cash to open the business

Point 2: Paid $12,000 in cash for the purchase of kayak and canoe equipment

Point 3: Paid $1,900 in cash for rent expense

Point 4: Purchased additional kayak and canoe equipment for $4,650 on credit

Point 5: Received $4,750 in cash for kayak rentals

Point 6: Rented canoes and kayaks for $2,050 on account

Point 7: Purchased office equipment for $210 in cash

Point 8: Received $1,225 in cash from credit clients

Point 9: Shawn Dahl withdrew $2,350 in cash for personal expenses