An examination of the cash activities during the year shows the following. Desc. Date 7/1 7/15 7/22 7/30 Amount $ 3.720 1.850 210 1e3 8/1 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Checki Stock sale $ 25,00 7/1 191 Insurance Clinic receipts 2.000 7/2 182 Legal fees Clinic receipts 1,840 7/7 DC Advertising Clinic receipts 5,508 7/8 Bikes Borrowing 21, see 7/24 Advertising Clinic receipts 4.980 8/4 124 Kayaks Clinic receipts 11, 2008/24 Office Supplies Clinic receipts 12,300 9/1 105 Rent Clinic receipts 17,88 12/8 Race permit Race receipts 12,eee 12/16 107 Salary 12/31 185 Dividend 12/31 109 Dividend $111,848 8/10 8/17 9/21 10/17 12/15 11,100 610 15,488 1.710 1,320 106 1.119 1,880 2.500 2,500 $43.838 Summary of Transactions Beginning Cash Balance July 1, 2021 S 9 + Cash Receipts $111.840 - Cash Disbursements $43, e38 Ending Cash Balance December 31, 2021 $68,810 Suzle 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. Suzle makes deposits at the bank only on the first day of each month. Member FDIC 1124537774 Dec. 31, 2021 Ending Balance December 31, 2021 $63,712 SUMMIT BANK Leading You to the Top Account Holder: Great Adventures, Inc. Account Number: Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits Withdrawals and Debits July 1, 2021 No Total No Total $180, 240 11 $36,530 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Anount Desc. $ 25,000 DIP $ 3.720 8/1 9.340 DEP 7/7 102 1. ese 21,eee DEP 210 9/1 15.299 DEP 7/14 11,100 9/38 7/24 618 12,300 8/9 15,480 17,680 DEP 8/24 1,710 12/31 INT 9/2 1. 329 9/30 150 12/1e 1, 110 12/31 7/1 7/1 101 CHK 7/1 CHK 8/1 7/7 1e3 CHK 300 INT 1 /1 11/1 Daily Balance Date Amount $21.280 7/7 20.20 7/14 8.929 7/24 8,310 8/1 38,650 8/9 23,250 8/24 21,548 9/1 36,740 9/2 35,420 35, 579 10/1 47,878 64,878 12/10 63,760 12/31 $63,710 100 49498 9/30 150 11/1 $100,240 $36,530 Desc. DEP Customer deposit CHK Customer check INT Interest earned DC Debit Card SF Service fees 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 $ 63.710 Per General Ledger $ 12,000f Interest Earned Bank's Cash Balance Per Bank Statement Deposits Outstanding 88 810 Bank Balance Per Reconciliation Company Balance Per Reconciliation