00 3.8 points Skipped eBook Print An examination of the cash activities during the year shows the following GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2821 Cash Receipts Cash Disbursements Date Desc. Amount Date Check# Desc Amount 7/1 Stock sale 101 $ 25,000 7/1 Insurance $ 4,440 7/15 Clinic receipts 2,000 7/2 102 Legal fees 1,350 7/22 clinic receipts 1,848 7/7 DC Advertising 270 7/30 clinic 103 5.500 7/8 receipts Bikes 11,700 8/1 Borrowing 27,000 7/24 DC Advertising 670 8/10 Clinic receipts 4,000 8/4 104 Kayaks 23,800 8/17 Clinic DC 11,200 8/24 receipts Office supplies 1,770 9/21 Clinic 105 12,900 9/1 receipts Rent 2,840 10/17 Clinic receipts 186 17,600 1278 Race permit 1,170 12/15 Race receipts 12,000 12/16 107 Salary 1,800 12/31 108 Dividend 2,500 12/31 109 Dividend 2 See $119,648 $54,010 Reference Summary of Transactions Beginning Cash Balance July 1, 2021 Cash Receipts $119,840 Cash Disbursements $54,010 Ending Cash Balance December 31, 2821 $65, 930 Suzie has not reconciled the company's cash balance with that of the bank since the company was started. She asks Summit Bank to provide her with a six-month bank statement to save time, Suzie makes deposits at the bank only on the first day of each month 00 3.8 points Skipped eBook Print Suzie has not reconciled the company's cash balence with that of the bank since the company was started. She asks Summit Bank to provide her with a six-month bank statement to save time, Suzie makes deposits at the bank only on the first day of each month. SUMMIT BANK Member FDIC Leading You to the Top Account Holders Great Adventures, Inc. Account Number: 1124537774 Statement Date: Dec. 31, 2021 Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits Ending Balance December 31, July 1, 2021 No Total No Total 2021 $0 8 $107, 440 13 $47,510 $59,930 Account Details Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc Date Amount 7/1 $ 25,000 DEP 7/1 101 $ 4,440 CHK 7/1 $28,568 8/1 9,340 DEP 7/7 102 1,358 CHK 7/7 18,940 871 27,000 DEP 7/7 270 7/14 7,24e 9/1 15,200 DEP 7714 103 11,700 CHK 7/24 6,57e 9/30 300 INT 7/24 678 DC 8/1 42,910 10/1 12,90 DEP 8/9 104 23,800 CHK 8/9 19, 110 11/1 17,600 DEP 8/24 1,770 DC 8/24 17,340 12/31 100 INT 9/2 105 2,848 CHK 971 32,540 9/30 15e SF 9/2 30,500 12/10 106 1,170 CHK 9/30 38,650 12/31 158 SF 10/1 43,552 11/1 61, 15e 12/10 59,98 $1e7,440 $47,510 12/31 $59,930 Reference DC SF Service fees Desc. DEP Customer deposit CHK Customer check INT Interest earned DC Debit card After comparing the two balances, Suzie has some concern because the bank's balance of $59.930 is substantially less than the company's balance of $65,030. 8. 2-a. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2021. (Amounts to be deducted should be Indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation) 38 points Skipped GREAT ADVENTURES, INC Bank Reconciliation December 31, 2021 Bank's Cash Balance Company's Cash Balance Per Bank Statement Per General Ledger eBook Print Bank Balance Per Reconciliation Company Balance Per Reconciliation Reference 2-b. Record any necessary entries to adjust cash. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Total entries to the same account together when entering in the Journal entry Carousel) View transaction list Journal entry worksheet Record the amounts that increase cash. Nota: Enter debits before credits. Dale General Journal DEC 31 2021 Debit Credit Record entry View general journal View transaction list Journal entry worksheet > Record the amounts that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31. 2021 Record entry View general journal Clear entry