An examination of the cash activities during the year shows the following.

GREAT ADVENTURES Cash Account Records July 1, 2018, to December 31, 2018
Deposits				Checks/Debit Cards
Date	Desc.	Amount		Date	No.	Desc.	Amount
7/1	Stock sale	$	30,000	7/1	101	Insurance	$	4,320
7/15	Clinic receipts		1,800	7/2	102	Legal fees		1,300
7/22	Clinic receipts		2,760	7/7	DC	Advertising		260
7/30	Clinic receipts		3,600	7/8	103	Bikes		11,600
8/1	Borrowing		26,000	7/24	DC	Advertising		660
8/10	Clinic receipts		5,100	8/4	104	Kayaks		22,400
8/17	Clinic receipts		11,900	8/24	DC	Office supplies		1,760
9/21	Clinic receipts		12,800	9/1	105	Rent		1,920
10/17	Clinic receipts		17,500	12/8	106	Race permit		1,160
12/15	Race receipts		30,000	12/16	107	Salary		2,000
				12/31	108	Dividend		3,000
				12/31	109	Dividend		3,000
		$	141,460				$	53,380

Summary of Transactions

Beginning Cash Balance July 1, 2018	+	Deposits		Checks	=	Ending Cash Balance December 31, 2018
$0		$141,460		$53,380		$88,080

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 Leading You to the Top									Member FDIC
Account Holder:			Great Adventures, Inc.				Account Number: Statement Date:		1124537774 Dec. 31, 2018
Account Summary
Beginning Balance			Deposits and Credits				Withdraws and Debits		Ending Balance
July 1, 2018			No Total				No Total		December 31, 2018
$0			8		$111,760		11	$45,480	$66,280
Account Details
Deposits and Credits				Withdraws and Debits					Daily Balance
Date	Amount		Desc.	Date	No.	Amount		Desc.	Date	Amount
7/1	$	30,000	DEP	7/1	101	$	4,320	CHK	7/1	$	25,680
8/1		8,160	DEP	7/7	102		1,300	CHK	7/7		24,120
8/1		26,000	DEP	7/7			260	DC	7/14		12,520
9/1		17,000	DEP	7/14	103		11,600	CHK	7/24		11,860
9/30		100	INT	7/24			660	DC	8/1		46,020
10/1		12,800	DEP	8/9	104		22,400	CHK	8/9		23,620
11/1		17,500	DEP	8/24			1,760	DC	8/24		21,860
12/31		200	INT	9/2	105		1,920	CHK	9/1		38,860
				9/30			50	SF	9/2		36,940
				12/10	106		1,160	CHK	9/30		36,990
				12/31			50	SF	10/1		49,790
									11/1		67,290
									12/10		66,130
	$	111,760				$	45,480		12/31	$	66,280

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 $66,280 is substantially less than the companys balance of $88,080.

for the 2-a. Prepare Great Adventures bank reconciliation for the six-month period ended December 31, 2018. (A to be deducted should be indicated with a minus sign. Total entries to the same account together mounts when entering in the bank reconciliation. GREAT ADVENTURES, INC. Bank Reconciliation December 31, 2018 Banks Cash Balance Company's Cash Balance Per bank statement Per general ledger Company balance perreconciliation Bank balance per reconciliation 2-b. ed for a transaction/event, select "No jo nal entry required" in the first account field. Total entries to he same account together when entering in the journal en carousel.) view transaction list view general journal Journal Entry Worksheet Record the amounts that increase cash. Date General Journal Debit Credit Dec. 31, 2018