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

OUTBACK EXPEDITIONS
Trial Balance
November 30, 2024
Accounts	Debits	Credits
Cash	$12,200
Accounts Receivable	6,000
Prepaid Insurance	1,900
Equipment	25,600
Land	192,500
Accounts Payable		4,800
Notes Payable		51,500
Common Stock		150,000
Retained Earnings		15,600
Dividends	6,500
Service Revenue		76,500
Advertising Expense	12,500
Salaries Expense	29,800
Rent Expense	11,400
Totals	$298,400	$298,400

The following transactions occur during December 2024:

December 1	Pay rent for mountain lodges for the month of December, $2,400.
December 5	Provide guided tour to customers in Grand Teton National Park for cash, $4,300.
December 8	Borrow from a local bank by signing a note payable, $25,000. 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, $5,000.
December 13	Issue additional shares of common stock for cash, $35,000.
December 15	Pay employee salaries for the first half of the month, $2,700.
December 17	Purchase advertising on several local radio stations to be aired during the following two weeks, $2,500.
December 22	Provide guided tour to customers in Yellowstone National Park on account, $4,700.
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 $35,000 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, $30,000.
December 28	Pay cash on accounts payable, $3,000.
December 31	Pay dividends to stockholders, $3,500.

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.

Complete this question by entering your answers in the tabs below.

• General Journal
• T Accounts
• Trial Balance

Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)