Post each transaction to the corresponding T-accounts and calculate the balance of each account as of December 31. ( Hint: Be sure to include the balance at the beginning of December on each T-account.)

RiverHawk Expeditions offers guided tours in picturesque mountainous areas. After the first 11 months of operations in 2018, RiverHawk has the following account balances:

RIVERHAWK EXPEDITIONS Trial Balance November 30, 2018
accounts	Debts		Credits
Money	ps	10,600
accounts receivable		5,200
prepaid insurance		1,100
Equipment		24.800
Tierra		180.500
Accounts payable			ps	4,000
Pay				50,700
Common actions				134.000
Retained earnings				14.800
dividends		5,700
Service revenues				75,700
advertising expenses		11,700
salary expenses		29,000
Rental costs		10,600
Totals	ps	279,200	ps	279,200

The following transactions occur during December 2018:

December 1 Pay rent for mountain cabins for the month of December, $1,600.
December 5 Provide a guided tour to clients in Grand Teton National Park for cash, $3,500.
December 8 Borrow from a local bank by signing a note payable, $17,000. The note matures in one year with an interest rate of 6%.
December 12 Receive cash from customers as payment for a guided tour that took place on November 28, $4,200.
December 13 Issuance of additional common shares in exchange for cash, $27,000.
December 15 Pay employees' wages for the first half of the month, $1,900.
December 17 Purchase of advertising on various local radio stations to be broadcast over the next two weeks, $1,700.
December 22 Provide guided tour to clients in Yellowstone National Park on account, $3,900.
December 23 One of the customers on the December 22 tour claims to have seen the legendary creature Bigfoot. The company believes that this exciting news will generate additional revenue of $27,000 next year.
December 26 Purchase various hiking equipment to add to the adventure for customers, such as night vision goggles, GPS, long-range binoculars, and video cameras for $29,200 cash.
December 28 Cash payment of accounts payable, $2,200.
December 31 Pay dividends to shareholders, $2,700.