An examination of the cash activities during the year shows the following After comparing the two balances, Suzie has some concern because the bank's balance of $50,500 is substantially less than the company's balance of $64,200 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.) sale GREAT ADVENTURES, INC Bank Reconciliation December 31, 2021 Bank's Cash Balance Company's Cash Balance Per Bank Statement Per General Ledger GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Disbursements Date Desc. Amount Date Check besc. Amount Stock $ 20,000 7/1 101 Insurance $ 4,800 Clinic 2,000 7/2 102 Legal fees 1,500 receipts Clinic receipts 2,300 777 DC Advertising 300 Clinic 4,000 7/8 103 Bikes 12,000 receipts Borrowing 30,000 7/24 DC Advertising 700 Clinic receipts 3,000 8/4 104 Kayaks 28,000 Clinic receipts supplies 1,800 Clinic 13,200 9/1 105 Rent receipts 2,400 Clinic 17,900 12/8 106 Race permit 1,200 receipts receipts 20,000 12/16 107 Salary 2,000 12/31 108 Dividend 2,000 12/31 109 Dividend 2,000 $122,900 $58,700 Bank Balance Per Reconciliation Company Balance Per Reconciliation 10,500 8/24 DC Office 10/17 12/15 Race 2-b. Record any necessary entries to adjust cash. (If no entry is required for a transactionlevent, 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 Summary of Transactions Ending Beginning Cash Balance July 1, 2021 $0 Record the amounts that increase cash. + Cash Receipts $122,900 Cash Balance Cash December 31, - Disbursements = 2021 $58,700 $64,200 Note: Enter debits before credits General Journal Debit Credit Date Dec. 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 Account Holder: SUMMIT BANK Leading You to the Top Great Adventures, Inc. Account Number: Statement Date: Account Summary Withdrawals and Deposits and Credits Debits 1124537774 Dec. 31, 2021 Record entry View general journal Beginning Balance Clear entry Ending Balance December 31, 2021 $50,500 Journal entry worksheet Daily Balance CHK Record the amounts that decrease cash. July 1, 2021 NO Total No Total $0 $103,400 11 $52,900 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount 7/1 $ 20,000 DEP 3/1 101 $ 4,800 CHK 8/1 3,300 DEP 7/7 102 1,500 8/1 30,000 3/1 300 9/1 13,500 DEP 7/14 103 12,000 CHK 9/30 200 INT 7/24 700 DC 10/1 13,200 DEP8/9 104 28,000 CHK 11/1 17,900 DEP8/24 1,800 DC 12/31 300 INT 9/2 105 2,400 CHK 9/30 100 SF 12/10 106 1,200 CHK 12/31 100 SP Note: Enter debits before credits. 7/1 $15,200 7/7 13,400 7/14 1,400 7/24 700 8/1 39,000 8/9 11,000 8/24 9,200 9/1 22,700 972 20,300 9/30 20,400 10/ 1 33,600 11/1 51,500 12/10 50,300 12/31 $50,500 General Journal Debit Credit Date Dec. 31, 2021 $103,400 $52,900 Record entry View general journal Desc SF Service fees DEP Customer deposit CHK Customer check INT Interest earned DC Debit card Clear entry
