7/1 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 Disbursements Date Desc. Amount Date Check Desc. Stock sale $ 25, eee 7/1 101 Insurance 7/15 Clinic receipts 2,809 7/2 192 Legal fees 7/22 Clinic receipts 1,849 7/7 DC Advertising 7/30 Clinic receipts 5,500 7/8 103 Bikes 8/1 Borrowing 21,899 7/24 DC Advertising 8/10 Clinic receipts 4,000 8/4 104 Kayaks 8/17 Clinic receipts 11, 2008/24 DC Office supplies 9/21 Clinic receipts 12,300 9/1 195 Rent 10/17 Clinic receipts 17,808 12/8 106 Race permit 12/15 Race receipts 12,800 12/16 197 Salary 12/31 198 Dividend 109 Dividend $111,840 Amount $ 3,720 1, ese 210 11,100 610 15,400 1,710 1,320 1, 11e 1,800 2,500 2, See $43,230 12/31 Summary of Transactions Beginning Cash Balance July 1, 2021 Cash Receipts $111,840 - Cash Disbursements - $43,830 Ending Cash Balance December 31, 2021 $68,810 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. SUMMIT BANK Member FDIC Leading You to the Top Account Holder: Great Adventures, Inc. Account Number: 1124537774 Statement Date: Dec. 31, 2021 Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 Ending Balance No Total No Total December 31, 2021 se 8 $180, 240 11 $36,530 $63,719 Account Details Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 7/1 $ 25, eee DEP 7/1 191 $ 3,720 CHK 7/1 $21,280 9,340 DEP 7/7 102 1,050 CHK 7/7 8/1 20, eze 21,800 DEP 7/7 210 DC 9/1 7/14 8,920 15,200 DEP 7/14 193 11, 100 CHK 7/24 9/30 300 8,310 INT 7/24 610 DC 8/1 10/1 38,650 12,300 DEP 8/9 184 15,40e CHK 8/9 11/1 23,250 17,600 DEP 8/24 1,710 DC 8/24 21, 540 12/31 100 INT 9/2 195 1,320 CHK 9/1 36, 740 9/30 150 SF 9/2 35,420 12/10 196 1, 110 CHK 9/30 35,570 12/31 150 SF 10/1 47,870 11/1 64,878 12/10 63,760 $180, 240 $36, 530 12/31 $63, 710 8/1 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 $63.710 is substantially less than the company's balance of $68,810. 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 S 63,710 Per General Ledger S 12,000 6,800 Bank's Cash Balance Per Bank Statement Deposits Outstanding Checks Outstanding 88.810 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 flrst 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. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 2021 Record entry Clear entry View general journal