RiverHawk Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2021, RiverHawk has the following account balances. Accounts: Cash RIVERHAWK EXPEDITIONS Trial Balance November 30, 2021 Accounts Receivable Prepaid Insurance Debits Credits $ 10,200 5,000 900 24,600 Equipment Land 177,500 Accounts Payable Notes Payable Common Stock $ 3,800 50,500 130,000 Retained Earnings 14,600 Dividends 5,500 Service Revenue 75,500 Advertising Expense 11,500 Salaries Expense 28,800 Rent Expense 10,400 Totals $274,400 $274,400 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 6% interest rate. December 12 Receive cash from customers as 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 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. year. December 28 Pav cash on accounts navable. $2.000.