RiverHawk Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2024, RiverHawk has the following account balances. RIVERHAWK EXPEDITIONS Trial Balance 30-Nov-24 Accounts Debits Credits Cash $9,200 Accounts Receivable 4,500 Prepaid Insurance 400 Equipment 24,100 Land 170,000 Accounts Payable 3,300 Notes Payable 50,000 Common Stock 120,000 Retained Earnings 14,100 Dividends 5,000 Service Revenue 75,000 Advertising Expense 11,000 Salaries Expense 28,300 Rent Expense 9,900 Totals $262,400 $262,400 The following transactions occur during December 2024: 1-Dec Pay rent for mountain lodges for the month of December, $900. 5-Dec Provide guided tour to customers in Grand Teton National Park for cash, $2,800. 8-Dec Borrow from a local bank by signing a note payable, $10,000. The note is due in one year with a 6% interest rate. 12-Dec Receive cash from customers as payment for a guided tour that occurred on November 28, $3,500. 13-Dec Issue additional shares of common stock for cash, $20,000. 15-Dec Pay employee salaries for the first half of the month, $1,200. 17-Dec Purchase advertising on several local radio stations to be aired during the following two weeks, $1,000. 22-Dec Provide guided tour to customers in Yellowstone National Park on account, $3,200. 23-Dec 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. 26-Dec 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. 28-Dec Pay cash on accounts payable, $1,500. 31-Dec Pay dividends to stockholders, $2,000.