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

question 31

Short Answer

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:
$$\begin{array} { | l | l | } \hline \text { Cash } & \text { Accounts Payable } \\\hline \text { Accounts Receivable } & \text { Shawn Dahl, Capital } \\\hline \text { Office Equipment } & \text { Revenue } \\\hline \text { Canoe and Kayak Equipment } & \text { Expenses } \\\hline\end{array}$$
Transactions
1. Shawn Dahl invested $50,000 in cash to open the business
2. Paid $14,200 in cash for the purchase of kayak and canoe equipment
3. Paid $2,200 in cash for rent expense
4. Purchased additional kayak and canoe equipment for $4,900 on credit
5. Received $4,600 in cash for kayak rentals
6. Rented canoes and kayaks for $3,400 on account
7. Purchased office equipment for $375 in cash
8. Received $1,350 in cash from credit clients
9. Shawn Dahl withdrew $1,800 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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Definitions:

Cultural Relativists

Individuals or theorists who believe that the values and standards of cultures differ and deserve respect, arguing that no one culture's ethics or practices are superior to another's.

Multiculturalism

A social and political philosophy or policy that emphasizes the respect, acceptance, and preservation of cultural diversity within a society.

Principle of Utility

A principle in ethics and moral philosophy that actions are right if they are useful or for the benefit of a majority.

Utilitarians

Proponents of the ethical theory of utilitarianism, which proposes that the best action is the one that maximizes utility, typically defined as maximizing happiness and reducing suffering.