Transactions

1. Shawn Dahl invested $45,400 in cash to open the business
2. Paid $13,100 in cash for the purchase of kayak and canoe equipment
3. Paid $1,250 in cash for rent expense
4. Purchased additional kayak and canoe equipment for $4,000 on credit
5. Received $4,100 in cash for kayak rentals
6. Rented canoes and kayaks for $1,400 on account
7. Purchased office equipment for $145 in cash
8. Received $900 in cash from credit clients
9. Shawn Dahl withdrew $1,700 in cash for personal expenses

Based on the information above, complete the following accounting equation.

Assets

=

Liabilities

+

Owner's Equity