Problem: 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:
Transactions
1. Shawn Dahl invested $46,000 in cash to open the business
2. Paid $13,700 in cash for the purchase of kayak and canoe equipment
3. Paid $1,550 in cash for rent expense
4. Purchased additional kayak and canoe equipment for $4,300 on credit
5. Received $4,400 in cash for kayak rentals
6. Rented canoes and kayaks for $1,700 on account
7. Purchased office equipment for $175 in cash
8. Received $1,050 in cash from credit clients
9. Shawn Dahl withdrew $2,000 in cash for personal expenses
Required: Based on the information shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?
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