12 value: 10.00 points f the cash activities during the year shows the following. An examination GREAT ADVENTURES Cash Account Records July 1, 2018, to December 31, 2018 Deposits Debit Cards Date 7/1 Desc Amount 25,000 2,000 Date No Amount $4,080 1,200 Stock sale 101 Insurance 102 Legal fees ising 103 Bikes DC Advertising 7/1 7/15 Clinic receipts 7/2 7/30 5.500 Clinic receints Borrowing Clinic receipts 11.400 7/F 8/1 24.000 7/24 640 19 ona's 1,680 CHfce supplies 1.200 8/24 9/21 10/17 12/15 Clinic receipts Clinic receipts Race receipts 12,600 17,300 12,000 9/1 105 Rent 106 Race permit 1,140 12/8 2 500 108 Dividend 12/31 2,500 12/31 109 Dividend $ 115,440 $ 48.520 Summary of Transactions Beginning Cash Balance July Ending Cash Balance , 2018 1, 2018 Dec tee 030 $115.440 $48.520 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. Member FDIC Leading You to the Top Account Number: Statement Date: Account Holder: Great Adventures, Inc. 1124537774 Dec. 31, 2018 Account Summary Beginning Balance Deposits and Credits Total Withdraws and Debits Ending Balance December 31, 2018 July 1, 2018 Total No No $0 $103.840 $42.020 $61.820 11 Account Details Deposits and Credits Withdraws and Debits Daily Balance Amount $ 4.080 Date 7/1 Amount 25,000 Desc Date No. Desc. Date Amount $20,920 DER 7/1 101 CHK 7/1 102 1,2 240 DC 8.080 a/1 24.000 DEP 7/14 DEF 9/1 9/30 15.200 300 7/14 7/24 103 11.400 CHK DC 7/24 8/1 7,440 INT 640 40,780 104 17 300 1 740 8/24 DC 19 440 11/1 DEF 8/24 12/31 100 INT 1,680 9/1 9/2 34.640 9/2 105 CHK SF 9/30 32,960 150 106 1. 12/31 150 SE 10/1 45.710 63,010 61,870 11/1 12/10 $103.840 $42.020 12/31 $61.820 Desc. DEP Customer deposit CHK Customer check INT Interest earned SF Service fees DC Debit card After comparing the two balances, Suzie has some concern because the bank's balance of $61,820 is substantially less than the company's balance of $66,920. 2-a. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2018. (Amounts to be deducted should be indicated with account together when entering in the bank reconciliation.) minus sign. Total entries to the same GREAT ADVENTURES, INC. Bank Reconciliation December 31, 2018 Bank's Cash Balance Company's Cash Balance Per general ledger 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 list Journal entry worksheet 1 2 Record the amounts that increase cash Note: Enter debits before credits. General Journal Date Debit Credit Dec. 31, 2018 Clear entry View general journal Record entry