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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 $50,000 in cash to open the business
2.Paid $14,200 in cash for the purchase of kayak and canoe equipment
3.Paid $2,200 in cash for rent expense
4.Purchased additional kayak and canoe equipment for $4,900 on credit
5.Received $4,600 in cash for kayak rentals
6.Rented canoes and kayaks for $3,400 on account
7.Purchased office equipment for $375 in cash
8.Received $1,350 in cash from credit clients
9.Shawn Dahl withdrew $1,800 in cash for personal expenses
-Based on the information shown in transaction #4 above, indicate the accounts affected and use plus and minus to show the changes caused by the transaction.
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