Examlex

Solved

On September 1,Shawn Dahl Established Whitewater Rentals,a Canoe and Kayak

question 11

Essay

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: 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:   Transactions 1.Shawn Dahl invested $45,000 in cash to open the business 2.Paid $12,700 in cash for the purchase of kayak and canoe equipment 3.Paid $1,050 in cash for rent expense 4.Purchased additional kayak and canoe equipment for $3,800 on credit 5.Received $3,900 in cash for kayak rentals 6.Rented canoes and kayaks for $1,200 on account 7.Purchased office equipment for $125 in cash 8.Received $800 in cash from credit clients 9.Shawn Dahl withdrew $1,500 in cash for personal expenses Based on the information shown in transaction #4 above,indicate the accounts affected and use plus and minus to show the changes caused by the transaction. Transactions
1.Shawn Dahl invested $45,000 in cash to open the business
2.Paid $12,700 in cash for the purchase of kayak and canoe equipment
3.Paid $1,050 in cash for rent expense
4.Purchased additional kayak and canoe equipment for $3,800 on credit
5.Received $3,900 in cash for kayak rentals
6.Rented canoes and kayaks for $1,200 on account
7.Purchased office equipment for $125 in cash
8.Received $800 in cash from credit clients
9.Shawn Dahl withdrew $1,500 in cash for personal expenses
Based on the information shown in transaction #4 above,indicate the accounts affected and use plus and minus to show the changes caused by the transaction.


Definitions:

Demonstrates

The act of showing or proving something through example, evidence, or experimentation, often used to convey a concept or teach a lesson.

Eye Contact

The act of looking directly into another person's eyes, which can communicate attention, confidence, or other social cues.

Interview

A formal meeting in which one or more persons question, consult, or evaluate another person.

Positive Body Language

Non-verbal communication that conveys a positive attitude, including gestures, posture, and facial expressions that indicate openness, availability, and enthusiasm.

Related Questions