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 Cash Receipts Desc. Stock sale Clinic receipts Clinic receipts Clinic receipts Borrowing Clinic receipts Clinic receipts Clinic receipts Clinic receipts Race receipts GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Disbursements Amount Date Check# Desc. $ 20,000 7/1 101 Insurance 2,000 7/2 102 Legal fees 2,300 7/7 DC Advertising 4,000 7/8 103 Bikes 22,000 7/24 DC Advertising 3,000 8/4 104 Kayaks 10,500 8/24 DC Office supplies 12,400 9/1 105 Rent 17,100 12/8 106 Race permit 20,000 12/16 107 Salary 12/31 108 Dividend 12/31 109 Dividend $113,300 Amount $ 3,840 1,100 220 11,200 620 16,800 1,720 1,440 1,120 2,000 2,000 2,000 $44,060 Summary of Transactions Beginning Cash Balance July 1, 2021 $ + Cash Receipts $113,300 Ending Cash Balance December 31, 2021 $69,240 Cash Disbursements = $44,060 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, 540 SUMMIT BANK Leading You to the Top Account Holder: Great Adventures, Inc. Account Number: Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 No Total No Total $0 8 $93,800 11 $38,260 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/1 $ 20,000 DEP 7/1 101 $ 3,840 CHK 8/1 8,300 DEP 7/7 102 1,100 CHK 8/1 22,000 DEP 7/7 220 DC 9/1 13,500 DEP 7/14 103 11,200 CHK 9/30 200 INT 7/24 620 DC 10/1 12,400 DEP 8/9 104 16,800 CHK 11/1 17,100 DEP 8/24 1,720 DC 12/31 300 INT 9/2 105 1,440 CHK 9/30 100 SF 12/10 106 1,120 CHK 12/31 100 SF Daily Balance Date Amount 7/1 $16, 160 7/7 14,840 7/14 3,640 7/24 3,020 8/1 33,320 8/9 16,520 8/24 14,800 9/1 28,300 9/2 26,860 9/30 26,960 10/1 39,360 11/1 56,460 12/10 55,340 12/31 $55,540 $ 93,800 $38,260 Desc. DEP Customer deposit CHK Customer check INT Interest earned DC Debit card SF Service fees After comparing the two balances, Suzie has some concern because the bank's balance of $55,540 is substantially less than the company's balance of $69,240. Record the amounts that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2021