EagleEye Expeditions provides guided tours in scenic mountainous areas. After the first $11$ months of operations in $2024,$ EagleEye has the following account balances.

EAGLEEYE EXPEDITIONS

Trial Balance

November $30,2024$

Accounts Debits Credits

Cash $$12,400$

Accounts Receivable $6,100$

Prepaid Insurance $2,000$

Equipment $25,700$

Land $194,000$

Accounts Payable $4,900$

Notes Payable $51,600$

Common Stock $152,000$

Retained Earnings $15,700$

Dividends $6,600$

Service Revenue $76,600$

Advertising Expense $12,600$

Salaries Expense $29,900$

Rent Expense $11,500$

Totals $$300,800$ $$300,800$

The following transactions occur during December $2024$:

December $1$ Pay rent for mountain lodges for the month of December, $$2,500.$

December $5$ Provide guided tour to customers in Grand Teton National Park for cash, $$4,400.$

December $8$ Borrow from a local bank by signing a note payable, $$26,000.$ The note is due in one year with a $6\%$ interest rate.

December $12$ Receive cash from customers as payment for a guided tour that occurred on November $28,$ $$5,100.$

December $13$ Issue additional shares of common stock for cash, $$36,000.$

December $15$ Pay employee salaries for the first half of the month, $$2,800.$

December $17$ Purchase advertising on several local radio stations to be aired during the following two weeks, $$2,600.$

December $22$ Provide guided tour to customers in Yellowstone National Park on account, $$4,800.$

December $23$ One of the customers from the December $22$ tour claims to have seen the legendary creature Bigfoot. The company believes this exciting news will create additional revenue of $$36,000$ next year.

December $26$ Purchase several pieces of hiking equipment to give customers a more enjoyable adventure, such as night$-$vision goggles, GPS$,$ long$-$range binoculars, and video cameras, for cash, $$30,100.$

December $28$ Pay cash on accounts payable, $$3,100.$

December $31$ Pay dividends to stockholders, $$3,600.$

Required:

$1.$ Record each transaction.

$2.$ & $3.$ Post each transaction to the appropriate T$-$accounts and calculate the balance of each account at December $31,2024.($Hint: Be sure to include the balance at the beginning of December in each T$-$account.$)$

$4.$ Prepare a trial balance as of December $31,2024.$