RiverHawk Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2021, RiverHawk has the following account balances RIVERHAWK EXPEDITIONS Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 12,600 Accounts Receivable 6,200 Prepaid Insurance 2,100 Equipment 25,800 Land 195,500 Accounts Payable $ 5,000 Notes Payable 51,700 Connon Stock 154,000 Retained Earnings 15,800 Dividends 6,700 Service Revenue 76,700 Advertising Expense 12,700 Salaries Expense 30,000 Rent Expense 11,600 Totats $303,200 $303 200 The following transactions occur during December 2021: December 1 Pay rent for mountain Lodges for the month of December, $2,600. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $4,500. December 8 Borrow from a local bank by signing a note payable, $27,000. 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, 55,200. December 13 Issue additional shares of common stock for cash, 537,000. December 15 Pay employee salaries for the first half of the month. $2,900. December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, 52,700. December 22 Provide quided tour to customers in Yellowstone National Park on account, $4.900. Advertising Expense Salaries Expense Rent Expense Totals 12,700 30,000 11,600 $303,200 $303,200 The following transactions occur during December 2021: December 1 Pay rent for mountain Lodges for the month of December, $2,600. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $4,500. December 8 Borrow from a local bank by signing a note payable, $27,000. 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, 55,200. December 13 Issue additional shares of common stock for cash, $37,000. December 15 Pay employee salaries for the first half of the month, $2,900. December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, $2,700. December 22 Provide guided tour to customers in Yellowstone National Park on account, 54,900. December 23 One of the customers from the December 22 tour clains to have seen the legendary creature Bigfoot. The company believes this exciting news will create additional revenue of $37,000 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, $30,200. December 28 Pay Cash on accounts payable, $3,200. December 31 Pay dividends to stockholders, 53,700. Requirement General Journal General Ledger Trial Balance 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. General Journal > General General Requirement Trial Balance Journal -Ledger Prepare the journal entries for transactions. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field) View transaction that Journal entry worksheet 2 3 4 8 12 Pay rent for mountain lodges for the month of December, $2,600. Enter der before credit Date Account Title Debit Credit December 01 Brecht Cinta VIEW General Journal Requirement General Leger Trial Balance Each journal entry is posted automatically to the general ledger. General Ledger Account Cash Accounts Receivable No. Debit Credit No. Credit Debit Date November 30 Balance 12,600 Date November 30 Balance 6,200 Land Prepaid Insurance Debit Credit No. Credit No. Debit Credit Date Balance 2,100 Date November 30 Balance 195,500 November 30 Equipment Accounts Payable No Debit Credit No. Debit Credit Date November 30 Balance 25,800 Date November 30 Balance 5.000 Notes Payable Debit Common Stock Debit Credit No. Credit No. Date November 30 Balance 51.700 Date November 30 Balance 154,000 Retained Earnings Debit Credit Dividends No. Date Balance No. Date Debit Credit Balance Credit Debit No. No Credit Debit Balance 195,500 Balance 2,100 Date November 30 Date November 30 Accounts Payable Equipment Debit No. Credit Balance Credit Debit No. Dato November 30 Balance 25,800 Date November 30 5,000 Common Stock Notes Payable Debit Credit No. Debit Credit No. Date November 30 Balance 51,700 Date November 30 Balance 154,000 Dividends Retained Earnings Credit No. Debit Credit Debit Balance No. Date November 30 Balance 15,800 Date November 30 6,700 Service Revenue Advertising Expense Debit Credit No. Debit Credit No. Date Date November 30 Balance 76,700 Cradle Balance 12,700 Noverhber 30 Salaries Expense Debit Credit Rent Expense Debit Credit No No. Balance Date November 30 Balance 30,000 Date November 30 11,600 General Journal General Ledger Trial Balance Requirement RIVERHAWK EXPEDITIONS Trial Balance December 31, 2021 Debit Credit Account Title $ Cash Accounts Receivable Prepaid Insurance 12,600 6.200 2,100 195,500 25,800 5.000 51,700 154,000 15,800 6,700 Land Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Advertising Expense Salaries Expense Rent Expense Total 76,700 12,700 30,000 11,600 303,200 $ $ 303,200