Answer correctly (I will check totals) and within a reasonable time for thumbs up!! Thanks so much!
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 Receipts Cash Disbursements Date Dese. Amount Date Check Dese. 7/1 Stock sale $ 20,000 771 101 Insurance 7/15 Clinie receipts 2,000 772 102 Legal fees 7/22 Clinie receipts 2,300 7/7 DC Advertising 7/30 Clinie receipts 4.000 7/8 103 Bikes 31 Thorrowing 36,000 7724 DC Advertising 8/10 Clinie receipts 3,000 8/4 104 Kayaks 8/17 Clinie receipts 10,5008/24 DC office supplies 9721 Clinic receipts 13,800 9/1 105 Rent 10/17 cline receipts 18,500 12/8 106 Race permit 12/15 Race receipts 20,000 12/16 107 Salary 12/31 108 Dividend 12/31 109 Dividend $130,100 Anount $ 5,520 1,800 360 11,000 760 36,400 1,860 3,120 1,260 2,000 2,000 2,000 568,080 Sy of Transactions Teginning Cash Balance July 2021 Cash Recipes $130,100 Can Disbursements unding Can Balance December 2021 962,020 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, Suze makes deposits at the bank only on the first day of each month Member FDIC 1124537774 Dec. 31, 2021 Ending Balance December 31, 2021 $48,320 SUMMIT BANK Leading You to the Top Account Holder Great Adventures, Inc. Account Number Statement Date: Account Summary Withdrawals and Beginning Balance Deponits and Credits Debits July 1. 2021 No Total No Total 50 8 $110,600 11 $62,280 Account Details Deponits and Credits withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/1 $ 20,000 DEP 7/1 101 $ 5,520 8/1 CHK 8,300 DEP 7/7 102 1,800 CHK 8/1 36,000 DEP 7/2 360 13,500 DEP 7/14 103 11,000 CHK 9/30 200 INT 7/24 760 DC 0/1 13,800 DEP 8/9 104 36,400 CHK 11/1 18,500 DEP 8/24 1, 860 DC 12/31 300 INT 9/2 105 3,120 CHE 9/30 100 12/10 106 1,260 CHX 12/31 100 SY DC Daily Balance Date Amount 7/1 $14, 480 7/7 12,320 7/14 1,320 7/24 560 8/1 44,860 8/9 8, 460 8/24 6,600 9/1 20, 100 9/2 16,980 9/30 17,080 10/1 30,880 11/1 49,380 12/10 48,120 12/31 548,320 $110.600 $62,280 Desc. DEP Customer deposit C Customer check INT Interest earned DC Debit Card SP Service feen After comparing the two balances, Suzie has some concern because the bank's balance of $48,320 is substantially less than the company's balance of $62.020, 2-a. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2021. (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, INC. Bank Reconciliation December 31, 2021 Bank's Cash Balance Company's Cash Balance Pet Bank Statement Per General Ledger Bank Balance Per Reconciliation Company Balance Per Reconciliation 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.) View transaction list Journal entry worksheet 1 2 Record the amounts that increase cash. Note: Enter debits before credits General Journal Debit Credit Dato Dec. 31. 2021 2. 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.) View transaction line Journal entry worksheet
