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 Disbursements Cash Receipts Date 7/1 Desc. Stock sale Amount Date $ 25,000 7/1 Check# 101 Desc. Insurance 7/15 Clinic receipts 2,000 7/2 102 Legal fees 7/22 Clinic receipts 1,840 7/7 DC Advertising Amount $ 3,720 1,050 210 7/30 Clinic receipts 5,500 7/8 103 Bikes 11,100 8/1 Borrowing 21,000 7/24 DC Advertising 610 8/10 Clinic receipts 4,000 8/4 104 Kayaks 15,400 8/17 Clinic receipts 11,200 8/24 DC Office supplies 1,710 9/21 Clinic receipts 12,300 9/1 105 Rent 1,320 10/17 Clinic receipts 17,000 12/8 106 Race permit 1,110 12/15 Race receipts 12,000 12/16 107 Salary 1,800 12/31 108 Dividend 2,500 12/31 109 Dividend 2,500 $111,840 $43,030 Beginning Cash Balance July 1, 2021 $ 0 Summary of Transactions Ending Cash Receipts $111,840 Cash Disbursements = $43,030 Cash Balance December 31, 2021 $68,810 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 Leading You to the Top Account Holder: Great Adventures. Inc. Account Number: Member FDIC 1124537774