On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The...
90.2K
Verified Solution
Link Copied!
Question
Accounting
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
Shawn Dahl invested $44,000 in cash to open the business
Paid $11,700 in cash for the purchase of kayak and canoe equipment
Paid $2,050 in cash for rent expense
Purchased additional kayak and canoe equipment for $4,800 on credit
Received $4,900 in cash for kayak rentals
Rented canoes and kayaks for $2,200 on account
Purchased office equipment for $225 in cash
Received $1,300 in cash from credit clients
Shawn Dahl withdrew $2,500 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?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
