An examination of the cash activities during the year shows the following. GREAT ADVENTURES Cash Account Records July 1, 2024, to December 31, 2024 Cash Disbursements Cash Receipts Date Description Amount Date Check number Description 7/1 Stock sale $20,000 7/1 101 Insurance 7/15 clinic receipts 2,000 7/2 102 7/22 Clinic receipts 2,300 7/7 DC Advertising Legal fees Amount $3,840 1,100 220 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 10/17 12/15 Clinic receipts 12,400 9/1 105 Rent 1,440 clinic receipts 17,100 12/8 106 Race permit 1,120 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 Beginning Cash Summary of Transactions Balance July 1, 2024 $0 Cash Receipts $113,300 Cash Disbursements $44,060 Ending Cash Balance December 31, 2024 $69,240 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. SUMMIT BANK Member FDIC Leading You to the Top Great Adventures, Incorporated Account Holder: Account Number t Statement Date: 1124537774) December 31, 2024 Account Summary Beginning Balance Deposits and Credits. July 1, 2024 Number Total $0 Deposits and Credits B $93,800 Number 11 Withdrawals and Debits Total $38,260 Ending Balance December 31, 2024 $55,540 Account Details: Withdrawals and Debits Daily Balance Date Amount Description Date Number Amount Description 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 12/31 17,100 DEP 8/24 1,720 DC 8/24 14,800 300 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 SE 10/1 39,360 11/1 56,460 12/10 55,340 $93,800 $38,260 12/31 $55,540 Description 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 bank's balance of $55,540 is substantially less than the company's balance of $69,240. Required: 2-a. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2024. 2-b. Record any necessary entries to adjust cash. Complete this question by entering your answers in the tabs below. Req 2A Req 28 Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2024. (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, INCORPORATED Bank Reconciliation December 31, 2024 Per General Ledger Bank's Cash Balance. Per Bank Statement Deposits Outstanding Checks Outstanding i Bank Balance Per Reconciliation Req 2A Req 2B Record any necessary entries to adjust cash. (If no entry is required for a transaction/event, select "No Journal Entry Required first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list View journal entry worksheet No Date General Journal 1 December 31, 2024 Cash Interest Revenue: December 31, 2 2024 Service Fee Expense Cash < Req 2A Req 2B Debit Credit