An examination of the cash activities during the year shows the following. 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 Desc. 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 34,000 7/24 DC Advertising clinic receipts 4,000 8/4 104 Kayaks Clinic receipts 11, 2008/24 Office supplies Clinic receipts 13,600 9/1 105 Rent clinic receipts 18,300 12/8 106 Race permit Race receipts 12,000 12/16 107 Salary 12/31 108 Dividend 12/31 109 Dividend $127,440 DC Amount $ 5,280 1,700 340 12,400 740 33,600 1,840 2,880 1,240 1,800 2,500 2,500 $66,820 Summary of Transactions Beginning Cash Balance Ending Cash Balance July 1, 2021 + Cash Receipts $127,440 - Cash Disbursements $66,820 - December 31, 2021 $60,620 S 0 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 Ending Balance December 31, 2021 $55,520 SUMMIT BANK Leading You to the Top Account Holders Great Adventures, Inc. Account Number: Statement Date Account Summary withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 Total No Total $0 $115. 0 11 $60,320 Account Details Deposits and Credits withdrawals and Debita Date Amount Dese. Date Amount Dese. 7/1 $ 25,000 DEP 7/1 $5,280 CHK B/1 9.340 DEP 7/7 1,700 CIK 8/1 34,000 DEP 7/7 340 9/1 15,200 7/14 103 12,400 CHK 9/30 300 7/24 10/1 13.600 DEP 8/9 33,600 CHK 11/1 18.300 DEP 8/24 12/31 100 INT 2.880 CHK 9/30 150 12/10 106 1,240 CHK 12/31 102 DEP INT 740 104 8/9 DC Daily Balance Date Amount $19,720 7/7 17,680 7/14 5.280 7/24 4,540 8/1 47.880 14,280 8/24 12,440 9/1 27,640 9/2 24,760 9/30 24,910 10/1 38,510 11/1 56,810 12/10 55,570 12/31 $55,520 9/2 150 $115.840 $60,320 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 $55,520 is substantially less than the company's balance of $60,620. 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 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 Date General Journal Debit Credit View transaction list Journal entry worksheet