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What is balance of Account Receivable for Whitewater Rentals

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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:

Transactions

1. Shawn Dahl invested $46,000 in cash to open the business

2. Paid $13,700 in cash for the purchase of kayak and canoe equipment

3. Paid $1,550 in cash for rent expense

4. Purchased additional kayak and canoe equipment for $4,300 on credit

5. Received $4,400 in cash for kayak rentals

6. Rented canoes and kayaks for $1,700 on account

7. Purchased office equipment for $175 in cash

8. Received $1,050 in cash from credit clients

9. Shawn Dahl withdrew $2,000 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?

Reference no: EM132447773

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