RiverHawk Expeditions provides guided tours in scenic mountainous areas. After thr first 11 months of operations in 2021, Riverhawk has the following account balances.

4 Part 3 of 3 RIVERHAWK EXPEDITIONS Trial Balance November 30, 2021 Accounts Debits - Credits Cash $ 10, 200 Accounts Receivable 5,000 Prepaid Insurance 900 Equipment 24,600 Land 177,500 Accounts Payable $ 3,800 Notes Payable 50, 500 Common Stock 130,000 Retained Earnings 14,600 Dividends 5,500 Service Revenue 75,500 Advertising Expenso 11,500 Salaries Expense 28,800 Rent Expense 10,400 Totals $274,400 $274,400 1.5 points eBook Print References The following transactions occur during December 2021: December 1 Pay rent for mountain lodges for the month of December, $1,400. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $3,300. December 8 Borrow from a local bank by signing a note payable, $15,000. The note is due in one year with a 68 interest rate. December 12 Receive cash from customers a payment for a guided tour that occurred on November 28, $4,000. December 13 Issue additional shares of common stock for cash, $25,000. December 15 Pay employee salaries for the first half of the month, $1,700. December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, $1,500. December 22 Provide guided tour to customers in Yellowstone National Park on account, $3,700. 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 $25,000 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, $29,000. December 28 Pay cash on accounts payable, $2,000. December 31 Pay dividends to stockholders, $2,500. 4 Y yyyy VM uyuny WLLUAUDI December 28 Pay cash on accounts payable, $2,000. December 31 Pay dividends to stockholders, $2,500. Part 3 of 3 4. Prepare a trial balance as of December 31. 1.5 points Credit eBook Print References RIVERHAWK EXPEDITIONS Trial Balance December 31, 2021 Accounts Debit Cash Accounts Receivable Prepaid Insurance Equipment Land Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Advertising Expense Salaries Expense Rent Expense Totals