Reference no: EM132477691
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:
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Cash
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Accounts Payable
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Accounts Receivable
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Shawn Dahl, Capital
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Office Equipment
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Revenue
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Canoe and Kayak Equipment
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Expenses
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Transactions -
1. Shawn Dahl invested $45,700 in cash to open the business.
2. Paid $13,400 in cash for the purchase of kayak and canoe equipment.
3. Paid $1,400 in cash for rent expense
4. Purchased additional kayak and canoe equipment for $4,150 on credit.
5. Received $4,250 in cash for kayak rentals.
6. Rented canoes and kayaks for $1,550 on account.
7. Purchased office equipment for $160 in cash.
8. Received $975 in cash from credit clients.
9. Shawn Dahl withdrew $1,850 in cash for personal expenses.
Required - Based on the information shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?