On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The...
90.2K
Verified Solution
Question
Accounting
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 shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.