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Required information [ The following information applies to the questions displayed below. ] On September 1 , Shawn Dahl established Whitewater Rentals, a canoe and

Required information
[The following information applies to the questions displayed below.]
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 Dahl, Capital
Revenue
Expenses
Transactions
Shawn Dahl invested $45,900 in cash to open the business
Paid $13,600 in cash for the purchase of kayak and canoe equipment
Paid $1,500 in cash for rent expense
Purchased additional kayak and canoe equipment for $4,250 on credit
Received $4,350 in cash for kayak rentals
6. Rented canoes and kayaks for $1,650 on account
Purchased office equipment for $170 in cash
Received $1,025 in cash from credit clients
Shawn Dahl withdrew $1,950 in cash for personal expenses
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