2. & 3. Post each transaction to the appropriate T-accounts and Calculate the balance of each account at December 31. (Hint: Be sure to include the balance at the beginning of December in each T-account.)

Credits RIVERHAWK EXPEDITIONS Trial Balance November 30, 2021 Accounts Debits Cash $ 13,000 Accounts Receivable 6,400 Prepaid Insurance 2,300 Equipment 26,000 Land 198,500 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 6,900 Service Revenue Advertising Expense 12,900 Salaries Expense 30,200 Rent Expense 11,800 Totals $308,000 $ 5,200 51,900 158,000 16,000 76,900 $308,000 The following transactions occur during December 2021: December 1 Pay rent for mountain Lodges for the month of December, $2,800. December 5 Provide guided tour to customers in Grand Teton National Park for cash, $4,700. December 8 Borrow a local bank by signing a note payable, $29,000 The note is 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, $5,400. December 13 Issue additional shares of common stock for cash, $39,000. December 15 Pay employee salaries for the first half of the month, $3,100. December 17 Purchase advertising on several local radio stations to be aired during the following two weeks, $2,900. December 22 Provide guided tour to customers in Yellowstone National Park on account, $5,100. 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 $39,000 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, $30,400. December 28 Pay cash on accounts payable, $3,400. December 31 Pay dividends to stockholders, $3,900