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Required Information The following information applies to the questions displayed below] RiverHawk Expeditions provides gulded tours In scenic mountalnous areas. After the first 11 months

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Required Information The following information applies to the questions displayed below] RiverHawk Expeditions provides gulded tours In scenic mountalnous areas. After the first 11 months of operations In 2021 RiverHawk has the following account balances RIVERHANK EXPEDITIONS Trial Balance November 30, 2821 Credits Debits Accounts $ 12,800 Cash Accounts Receivable 6, see Prepaid Insurance Equipment 2,200 25,9ee Land Accounts Payable Notes Payable Conmon Stock Retained Earnings 197,eee $ 5,100 51,880 156,e80 15,900 Dividends Service Revenue Advertising Expense Salaries Expense 6,808 76,800 12,8ee se,108 11,7ee Rent Expense Totals $305,6e0 ee9 seEs The following transactions occur during December 2021 December 1 Pay rent for mountain lodges for the month of December, $2,7ee. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $4,6ee. December 8 Borrow from a local bank by signing a note payable, $28,00e. 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, $5,3ee. December 13 Issue additional shares of common stock for cash, $38,eee. December 15 Pay employee salaries for the first half of the month, $3,eee. December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, $2,800 Decenber 22 Provide guided tour to customers in Yellowstone National Park on account, $5,000. Decesber 23 One of the custoners from the December 22 tour claims to have seen the legendary creature 8igfoot. The company believes this exciting news wi11 create additional revenue of $38,00e 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, $3e, see. December 28 Pay cash on accounts payable, $3,3ee. December 31 Pay dividends to stockholders, $3,8ee. 2 & 3. Post each transaction to the appropriate T-accounts and Calculate the balance of each account at December 31. (Hint: Be to Include the balance at the beginning of December In each T-account.) Cash Accounts Receivable Beg. Bal 12,800 Beg Bal End. Bal, End. Bal Prepaid Insurance Equipment Beg. Bal Beg Ba End. Ba End. Bai Land Accounts Payable Beg. Bal Beg Bal End. Bal End. Bal. Notes Payable Common Stock Beg Bal Beg Bal End. Bal. End. Bal Retained Earnings Dividends Beg Bal Beg Ba End. Bal End. Bal Service Revenue Advertising Expense Beg Bal Beg Bal End. Bal. End. Bal Salaries Expense Rent Expense Beg. Bal Beg. Bal. End. Bal End. Ba

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