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

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.

After comparing the two balances, Suzie has some concern because the banks balance of $49,410 is substantially less than the companys balance of $63,110.

2-a. Prepare Great Adventures bank reconciliation for the six-month period ended December 31, 2018. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.)

2-b. Record any necessary entries to adjust cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.)

GREAT ADVENTURES Cash Account Records July 1, 2018, to December 31, 2018 Deposits Checks/Debit Cards Date Desc. Amount Date No. Desc. Amount 71 Stock sale $ 20,000 7/1 101 Insurance $ 5,160 7/15 Clinic receipts 2,000 712 102 Legal fees 1,650 7122 Clinic receipts 2,300 77 DC Advertising 330 7130 Clinic receipts 4,000 718 103 Bikes 11,500 8/1 Borrowing 33,000 7124 DC Advertising 730 8/10 Clinic receipts 3,000 4104 Kayaks 32,200 8/17 Clinic receipts 10,500 8/24 DC Office supplies 1,830 9/121 Clinic receipts 13,500 1105 Rent 2,760 10/17 Clinic receipts 18,200 12/8 106 Race permit 1.230 12/15 Race receipts 20,000 12/16 107 salary 2,000 12/31 108 Dividend 2,000 12/31 109 Dividend 2,000 $ 126,500 $63,390 Summary of Transactions Beginning Ending Cash Balance Cash Balance July 1, 2018 + Deposits Checks = December 31, 2018 $0 $126,500 $63,390 $63,110