An examination of the cash activities during the year shows the following. ped Date 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Dese. Amount Date Check Desc. Stock sale $ 25,000 7/1 101 Insurance clinic receipts 2,000 7/2 102 Legal fees clinic receipts 1,840 7/7 DC Advertising clinic receipts 5,500 7/8 103 Bikes Borrowing 37,000 7/24 DC Advertising Clinie receipts 4,000 8/4 104 Kayaks clinic receipts 11, 2008/24 DC office supplies clinic receipts 13,900 9/1 105 Rent Clinie receipts 18,600 12/8 106 Race permit Race receipts 12,000 12/16 107 Salary 12/31 108 Dividend 12/31 109 Dividend $ 131,040 Amount $ 5,640 1,850 370 12,700 770 37,800 1,870 3,240 1,270 1,800 2,500 2,500 $72,310 OOK rint rences Summary of Transactions Beginning Cash Balance Ending Cash Balance + July 1, 2021 $ 0 Cash Receipts $131,040 Cash Disbursements $72,310 December 31, 2021 $58, 730 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 Account Holder: 1124537274 Dec 31, 2021 SUMMIT BANK Leading You to the Top Great Adventures, Inc. Account Number: Statement Datei Account Summary withdrawals and Deposits and Credits Debits No Total No Total Beginning Balance July 1, 2021 Ending Balance December 31, 2021 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 1124537774 Dec. 31, 2021 d Ending Balance December 31, 2021 $53,630 SUMNIT BANK Leading You to the Top Account Holder Great Adventures, Ine. Account Number: Statement Daten Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 No Total No Total $0 $119,440 11 $65,810 Account Details Deposits and Credits Withdrawals and Debits Date Amount Dese. Date No. Amount Dese. 7/1 $ 25,000 DEP 7/1 $ 5,640 CHK 8/1 9.340 DEP 7/7 102 1.850 CHK 8/1 37,000 DEP 7/7 370 DC 9/1 15,200 DEP 7/14 103 12,700 CHK 9/30 300 INT 7/24 770 DC 10/1 13,900 DEP 104 37,800 CHK 11/1 18,600 DEP 8/24 1,870 DC 12/31 100 INT 9/2 105 3.240 CHEK 9/30 150 SE 12/10 106 1,270 CHK 12/31 150 SP 101 8/9 Daily Balance Date Amount 7/1 $19,360 7/7 17,140 7/14 4,440 7/24 3.670 8/1 50,010 8/9 12,210 8/24 10,340 9/1 25.540 9/2 22,300 9/30 22.450 10/1 36,350 11/1 54,950 12/10 53,680 12/31 $53,630 $119,440 $65,810 SP 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 $53,630 is substantially less than the company's balance of $58,730. 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.) $119,440 $65,810 12/10 12/31 53,680 $53,630 Dese. DEP Customer deposit CHK Customer check INT Interest earned DC Debit card unts SP Service fees Skipped After comparing the two balances, Suzie has some concern because the bank's balance of $53,630 is substantially less than the company's balance of $58,730. 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.) eBook Print GREAT ADVENTURES, INC. Bank Reconciliation December 31, 2021 Company's Cash Balance Per General Ledger References 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.) 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.) nts Skipped View transaction list Journal entry worksheet eBook 1 2 Print Record the amounts that increase cash. References Note: Enter debits before credits General Journal Debit Credit Dato Dec. 31 2021 Record entry Clear entry View general Journal