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:

Technological Advances

Progress in technology that enhances methods of production, improves efficiency, and brings new inventions to society.

Depression

A common but serious mood disorder that affects how you feel, think, and handle daily activities, characterized by persistent sadness and a lack of interest or pleasure in activities.

Anxiety

A state of apprehension, tension, or fear resulting from the anticipation of a real or imagined threat.

Psychobabble

A pejorative term for language that uses psychological terminology or concepts in a vague, jargon-filled, or simplistic manner, often to impress or mislead.