Online Assignment #3 P2-9A RiverHawk Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2018, RiverHawk has the following account balances. RIVERHAWK EXPEDITIONS Trial Balance November 30, 2018 $ 9,200 4,500 Accounts Receivable Prepaid Insurance Equipment 24,100 170,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Advertising Expense Salaries Expense Rent Expense Totals S 3,300 50,000 120,000 14,100 75,000 11,000 28,300 S262.400 $262.400 The following transactions occur during December 2018: December 1 Pay rent for mountain lodges the month of December, $900. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $2,800. December 8 Borrow from a local bank by signing a note payable, $10,000. The note is due in one year with a 6% interest rate. Receive cash from customers as payment for a guided tour that occurred on November 28, $3,500. Issue additional shares of common stock for cash, $20,000. Pay employee salaries for the first half of the month, $1,200. Purchase advertising on several local radio stations to be aired during the following two weeks, $1,000. Provide guided tour to customers in Yellowstone National Park on account, S3,200. 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 $20,000 next year. 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, $28,500. December 12 December 13 December 15 December 17 December 22 December 23 December 26 December 28 Pay cash on accounts payable, $1,500. December 31 Pay dividends to stockholders, $2,000. Required 1. Record each transaction. 2. Post each transaction to the appropriate T-accounts. 3. Calculat e the balance of each account at December 31. (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