Required information 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 Receivable Office Equipment Canoe and Kayak Equipment Accounts Payable Shawn Dahi, Capital Revenue Expenses Transactions 1. Shawn Dahl invested $44,000 in cash to open the business 2. Paid $11,700 in cash for the purchase of kayak and canoe equipment 3. Paid $2,050 in cash for rent expense 4. Purchased additional kayak and canoe equipment for $4,800 on credit 5. Received $4,900 in cash for kayak rentals 6. Rented canoes and kayaks for $2,200 on account 7. Purchased office equipment for $225 in cash 8. Received $1,300 in cash from credit clients 9. Shawn Dahl withdrew $2,500 in cash for personal expenses Transactions 1. Shawn Dahl invested $44,000 in cash to open the business 2. Paid $11,700 in cash for the purchase of kayak and canoe equipment 3. Paid $2,050 in cash for rent expense 4. Purchased additional kayak and canoe equipment for $4,800 on credit 5. Received $4,900 in cash for kayak rentals 6. Rented canoes and kayaks for $2,200 on account 7. Purchased office equipment for $225 in cash 8. Received $1,300 in cash from credit clients 9. Shawn Dahl withdrew $2,500 in cash for personal expenses Based on the information above, complete the following accounting equation. Assets Liabilities + Owner's Equity