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.	Amount
7/1	Stock sale	$	20,000		7/1	101	Insurance	$	3,840
7/15	Clinic receipts		2,000		7/2	102	Legal fees		1,100
7/22	Clinic receipts		2,300		7/7	DC	Advertising		220
7/30	Clinic receipts		4,000		7/8	103	Bikes		11,200
8/1	Borrowing		22,000		7/24	DC	Advertising		620
8/10	Clinic receipts		3,000		8/4	104	Kayaks		16,800
8/17	Clinic receipts		10,500		8/24	DC	Office supplies		1,720
9/21	Clinic receipts		12,400		9/1	105	Rent		1,440
10/17	Clinic receipts		17,100		12/8	106	Race permit		1,120
12/15	Race receipts		20,000		12/16	107	Salary		2,000
					12/31	108	Dividend		2,000
					12/31	109	Dividend		2,000
		$	113,300					$	44,060

	Summary of Transactions
	Beginning												Ending
	Cash Balance												Cash Balance
	July 1, 2021			+	Cash Receipts				Cash Disbursements			=	December 31, 2021
	$	0			$	113,300			$	44,060			$	69,240

Suzie has not reconciled the companys 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

Ending Balance

July 1, 2021

No

Total

No

Total

December 31, 2021

$0

8

$93,800

11

$38,260

$55,540

Account Details

Deposits and Credits

Withdrawals and Debits

Daily Balance

Date

Amount

Desc.

Date

No.

Amount

Desc.

Date

Amount

7/1

$

20,000

DEP

7/1

101

$

3,840

CHK

7/1

$

16,160

8/1

8,300

DEP

7/7

102

1,100

CHK

7/7

14,840

8/1

22,000

DEP

7/7

220

DC

7/14

3,640

9/1

13,500

DEP

7/14

103

11,200

CHK

7/24

3,020

9/30

200

INT

7/24

620

DC

8/1

33,320

10/1

12,400

DEP

8/9

104

16,800

CHK

8/9

16,520

11/1

17,100

DEP

8/24

1,720

DC

8/24

14,800

12/31

300

INT

9/2

105

1,440

CHK

9/1

28,300

9/30

100

SF

9/2

26,860

12/10

106

1,120

CHK

9/30

26,960

12/31

100

SF

10/1

39,360

11/1

56,460

12/10

55,340

$

93,800

$

38,260

12/31

$

55,540

Desc.	DEP Customer deposit	INT Interest earned	SF Service fees
	CHK Customer check	DC Debit card

After comparing the two balances, Suzie has some concern because the banks balance of $55,540 is substantially less than the companys balance of $69,240.

2-a. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2021. (Amounts to be deducted 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 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