Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 12). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.

Arctic Circle Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2024, Arctic Circle has the following account balances. The following transactions occur during December 2024: December 1 Pay rent for mountain lodges for the month of December, $1,900. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $3,800. December 8 Borrow from a local bank by signing a note payable, $20,000. 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 , $4,500. December 13 Issue additional shares of common stock for cash, $30,000. December 15 Pay employee salaries for the first half of the month, $2,200. December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, 2 , 000 . December 22 Provide guided tour to customers in Yellowstone National Park on account, \$4,200. 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 $30,000 next year. December 26 Purchase several pieces of hiking equipment to give customers a more enjoyable adventure, such as nightvision goggles, GPS, long-range binoculars, and video cameras, for cash, $29,500. December 28 Pay cash on accounts payable, $2,500. December 31Pav dividends to stockholders. $3.000