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 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 above, complete the following accounting equation.

Based on the information above, complete the following accounting equation. Asset=_______Liability+______Owners Equity______