I am having trouble with a couple of the questions, most of them I have correct (image on bottom)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 EXPEDITIONSTrial BalanceNovember 30, 2024AccountsDebitsCreditsCash$9,200 Accounts Receivable4,500 Prepaid Insurance400 Equipment24,100 Land170,000 Accounts Payable 3,300Notes Payable 50,000Common Stock 120,000Retained Earnings 14,100Dividends5,000 Service Revenue 75,000Advertising Expense11,000 Salaries Expense28,300 Rent Expense9,900 Totals$262,400$262,400 The following transactions occur during December 2024: December 1Pay rent for mountain lodges for the month of December, $900.December 5Provide guided tour to customers in Grand Teton National Park for cash, $2,800.December 8Borrow from a local bank by signing a note payable, $10,000. The note is due in one year with a 6% interest rate.December 12Receive cash from customers as payment for a guided tour that occurred on November 28, $3,500.December 13Issue additional shares of common stock for cash, $20,000.December 15Pay employee salaries for the first half of the month, $1,200.December 17Purchase advertising on several local radio stations to be aired during the following two weeks, $1,000.December 22Provide guided tour to customers in Yellowstone National Park on account, $3,200.December 23One 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.December 26Purchase 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.December 28Pay cash on accounts payable, $1,500.December 31Pay dividends to stockholders, $2,000.
Cash
Accounts Receivable
Debit
Credit 900 1,200 December 15 28,500 December 26 1,500 December 28 2,000 December 31
Debit Beginning Balance
Credit
Beginning Balance
9,200 2,800 10,000 3,500 20,000
4,500
December 5
3,500 December 12
December8 December 12
December 22 Ending Balance
3,200 4,200
December 13
Ending Balance
11,400
Prepaid Insurance
Equipment
Debit
Credit
Debit
Credit
Beginning Balance
400
Beginning Balance December 26
24,100 28,500
v
Ending Balance
400
Ending Balance
52,600
Land
Accounts Payable
Debit
Credit
Debit Beginning Balance December 28
Credit 3,300 1,000 December 17
Beginning Balance
170,000
1,500
Ending Balance
170,000
Ending Balance
2,800
Notes Payable
Common Stock
