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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 affected

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:

CashAccounts PayableAccounts ReceivableShawn Dahl, CapitalOffice EquipmentRevenueCanoe and Kayak EquipmentExpenses

Transactions

  1. Shawn Dahl invested $44,500 in cash to open the business
  2. Paid $12,200 in cash for the purchase of kayak and canoe equipment
  3. Paid $1,800 in cash for rent expense
  4. Purchased additional kayak and canoe equipment for $4,550 on credit
  5. Received $4,650 in cash for kayak rentals

Based on the information shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?

  1. Rented canoes and kayaks for $1,950 on account
  2. Purchased office equipment for $200 in cash
  3. Received $1,175 in cash from credit clients
  4. Shawn Dahl withdrew $2,250 in cash for personal expenses

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