Problems 2-9A

P2-9A River Hawk Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2024 River Hawk has the following account balances. River Hawk Expeditions Trial Balance November 30, 2024 Credits Debits $9,200 4,500 400 24.100 170,000 Accounts 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 $ 3.300 50.000 120,000 14,100 5,000 75.000 11.0) 28,100 9.900 $262.400 $262.400 The following transactions occur during December 2024: December I Pay rent for mountain lodges for the month of December. $900. December 5 Provide guided tour to customers in Grand Teton National Park for cash. $2,800 DAN Stores expense Rent Expense Totals 28. 9.900 $262.400 $262.400 The following transactions occur during December 2024: December Pay rent for mountain lodges for the month of December. 5900 December 5 Provide guided tour to customers in Grand Teton National Park for cash. 52.800 December 8 Borrow from a local bank by signing a note payable S10,000. The note is due in one year with a 6% interest rate. December 12 Receive cash from customers as payment for a funded tour that occurred on November 28, 51,500 December 13 Issue additional shares of common stock for cash, $20.000, December 15 Pay employee salaries for the first half or the month $1,200 December 17 Purchase advertising on several local radio stations to be aired during the following two weeks. $1,000 December 22 Provide guided tour to customers in Yellowstone National Park on account. $3,200 One of the customers from the December 22 tour claims to have seen the legendary creature Bigfoot. The company believes December 23 this exciting news will create additional revenue of $20.000 next year. Purchase several pieces of hiking equipment to give customers a more enjoyable adventure, such as night vision postles December 26 GPS. long range binoculars, and video cameras for cash. $28.500 December 28 Puy cash on accounts payable, $1.500. December 31 Puy dividends to stockholders, $2.000 radio 10 Required: 1. Record each transaction 2. Post each transaction to the appropriate accounts 3. Calculate the balance of each account at December 31, 2024. (Film Be sure to include the balance at the beginning of December in cach L CUA | 4. Prepare a trial balance as of December 31, 2024