at the beginning of September in each T-account) 4. Prepare a trial balance as of September 30. P2-9A RiverHawk Expeditions provides guided tours in scenic mountainous areas. After the Complete the steps in the 11 months of operations in 2018, RiverHawk has the following account balances measurement of L02-4.2-52-6 RIVERHAWK EXPEDITIONS Trial Balance November 30, 2018 Debits Credits Accounts Cash Accounts Receivable Prepaid Insurance Equipment Land Accounts Payable Notes Payable Common Stock Retained Earnings $ 9.200 4,500 400 24,100 170,000 $ 3,300 50,000 120,000 14,100 5,000 75,000 Service Revenue Advertising Expense Salaries Expense Rent Expense 11,000 28,300 $262400 $262 400 $262.400 $262.400 Totals The following transactions occur during December 2018: Pay rent for mountain lodges the month of December, $900. Provide guided tour to customers in Grand Teton National Park for cash Borrow from a local bank by signing a note payable, $10,000. The note is due ember 1 8 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. December 13 Issue additional shares of common stock for cash, $20,000 December 15 Pay employee salaries for the first half of the month, $1,200 December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, $1,000. December 22 Provide guided tour to customers in Yellowstone National Park on account $3,200. 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 December 23 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 26 December 28 Pay cash on accounts payable, $1,500. December 31 Pay dividends to stockholders, S2.000. Required: 1. Record each transaction. 2. Post each transaction to the appropriate T-accounts
