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 $ 30,000 7/1 101 Insurance $ 3,960 7/15 Clinic receipts 1,800 7/2 102 Legal fees 1,150 7/22 Clinic receipts 2,760 7/7 DC Advertising 230 7/30 Clinic receipts 3,600 7/8 103 Bikes 11,300 8/1 Borrowing 23,000 7/24 DC Advertising 630 8/10 Clinic receipts 5,100 8/4 104 Kayaks 18,200 8/17 Clinic receipts 11,900 8/24 DC Office supplies 1,730 9/21 Clinic receipts 12,500 9/1 105 Rent 1,560 10/17 Clinic receipts 17,200 12/8 106 Race permit 1,130 12/15 Race receipts 30,000 12/16 107 Salary 2,000 12/31 108 Dividend 3,000 12/31 109 Dividend 3,000 $ 137,860 $ 47,890 Summary of Transactions Beginning Ending Cash Balance Cash Balance July 1, 2021 + Cash Receipts Cash Disbursements = December 31, 2021 $ 0 $ 137,860 $ 47,890 $ 89,970 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 $108,160 11 $39,990 $68,170 Account Details Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 7/1 $ 30,000 DEP 7/1 101 $ 3,960 CHK 7/1 $ 26,040 8/1 8,160 DEP 7/7 102 1,150 CHK 7/7 24,660 8/1 23,000 DEP 7/7 230 DC 7/14 13,360 9/1 17,000 DEP 7/14 103 11,300 CHK 7/24 12,730 9/30 100 INT 7/24 630 DC 8/1 43,890 10/1 12,500 DEP 8/9 104 18,200 CHK 8/9 25,690 11/1 17,200 DEP 8/24 1,730 DC 8/24 23,960 12/31 200 INT 9/2 105 1,560 CHK 9/1 40,960 9/30 50 SF 9/2 39,400 12/10 106 1,130 CHK 9/30 39,450 12/31 50 SF 10/1 51,950 11/1 69,150 12/10 68,020 $ 108,160 $ 39,990 12/31 $ 68,170 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 $68,170 is substantially less than the companys balance of $89,970. 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 Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2021 Record entry Clear entry View general journal Journal entry worksheet