12 Great Adventures Problem AP4-1 6.52 Skipped eBook An examination of the cash activities during the year shows the following GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursement Date Dene. Amount Date Check Desc 7/1 Stock sale $ 30,000 7/1 101 Insistance 7/15 cline recepta 1,600 7/2 102 Legal fees 7/22 Clinie receipts 2,760 7/7 DC 7/30 Advertising Clinie receipts 3.600 7/8 203 Bikes 8/1 tocroring 20,000 1/24 DC Advertising 8/10 elinie receipts 5,100 6/4 104 Kayaks 8/12 Clinie receipts 11.9008/24 tc office supplies 9/21 Clinie receipts 12.2001 105 Rent 10/17 elinie receipt 16,900 12/B 206 Hace permit 12/15 Race receipts 30,000 12/16 107 Salary 12/31 100 Dividend 12/31 109 Dividend 5134,260 Jount $ 3.600 1,000 200 11,000 600 14,000 1,700 1,200 1,100 2,000 3.000 References $42.400 Hummary of transactions Beginning Cash Balance July 1, 2021 Ending Cash Balance - December 31, 2022 Cash Disbursements $42,400 Cash Receipt $134,260 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, Sutie makes deposits at the bank only on the first day of each month SUNNET BANK Member Tore Leading you to the Top Account Holder Great Adventures, Ine. Account Number 1124537774 Statement Date Dec. 31, 2021 Account may withdrawals and Beginning balance Deposits and Credits Debits July 1, 2021 Tinding Balance No Total Na Total 30 December 21, 2021 $104,560 11 334,500 $70,060 Mocount Details Deposits and Credits Withdrawals and Debits Date Daily balance Amount Dese. Date No. Amount Date Amount 771 $ 30,000 DEP 7/1 101 $ 3.600 CHK 7/1 8/1 $ 26,400 8,160 7/7 102 1,000 CHX 7/7 25,200 20,000 DEP 200 7/14 14,200 17,000 DEP 7/14 103 11.000 CHE 9/30 7/24 13,600 100 INT 7/24 600 DC 0/1 10/1 41,760 12,200 DEP 8/9 106 14.000 CHX 8/9 27,760 16,900 DEP 8/24 1.700 DC 8/24 26,060 12/31 200 INT 9/2 105 1.200 CHIK 9/30 9/1 43,060 50 9/2 12/10 41,860 106 1.100 CH 9/30 41,910 12/31 50 10/1 54,110 11/ 71,010 12/10 69,910 $104,560 $ 34,500 12/31 $70,060 Dese. 7/7 9/1 After comparing the two balances, Suzie has some concern because the bank's balance of $70,060 is substantially less than the company's balance of $91,860. 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.) GREAT ADVENTURES, INC. Bank Reconciliation December 31, 2021 Company's Cash Balance Per General Ledger Bank's Cash Balance Per Bank Statement Bank Balance Per Reconciliation Company Balance Per Reconciliation 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 et Journal entry worksheet Record the amounts that increase cash. Noter tror debits before credit General Journal Debit Credit Data Dec 31, 2021 Record entry Clear entry View general Journal 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 decrease cash. Note: Enter debits before credits General Journal Debit Credit Date Dec 31. 2021 Record entry Clear entry View general Journal