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On September 1 , Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and

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 $44,700 in cash to open the business
Paid $12,400 in cash for the purchase of kayak and canoe equipment
Paid $1,700 in cash for rent expense
Purchased additional kayak and canoe equipment for $4,450 on credit
Received $4,550 in cash for kayak rentals
Rented canoes and kayaks for $1,850 on account
Purchased office equipment for $190 in cash
Received $1,125 in cash from credit clients
Shawn Dahl withdrew $2,150 in cash for personal expenses

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