Date 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Check# Desc Stock sale $ 20,eee 7/1 101 Insurance Clinic receipts 2, eee 7/2 102 Legal fees Clinic receipts 2,380 7/7 DC Advertising Clinic receipts 4, eee 7/8 103 Bikes Borrowing 28,eee 7/24 DC Advertising Clinic receipts 3, see 8/4 184 Kayaks Clinic receipts 10,500 8/24 DC Office supplies Clinic receipts 13,00 9/1 105 Rent Clinic receipts 17,700 12/8 106 Race permit Race receipts 20,000 12/16 107 Salary 12/31 108 Dividend 12/31 109 Dividend $120, see Amount $ 4,560 1,400 280 11,800 680 25, 2ee 1,789 2,160 1,180 2, eee 2, see 2, eee $ 55, 040 Summary of Transactions Beginning Cash Balance July 1, 2021 Cash Receipts $120,500 Ending Cash Balance December 31, 2021 $65,460 Cash Disbursements = $55,040 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, Suzle makes deposits at the bank only on the first day of each month. Member FDIC 1124537774 Dec. 31, 2021 Ending Balance December 31, 2021 $51,760 SUMMIT BANK Leading you to the top Account Holder: Great Adventures, Inc. Account Number: Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 No Total No Total $e $1e1,eee 11 $49,240 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/1 $ 20,eee DEP 7/1 101 $ 4,560 CHK 8/1 8, 30e DEP 7/7 192 1, 4ee CHK 8/1 28,eee DEP 7/7 280 DC 9/1 13,5ee DEP 7/14 193 11,800 CHK 9/30 200 INT 7/24 680 DC 10/1 13, eee DEP 8/9 184 25,200 CHK 11/1 17,700 DEP 8/24 1,780 DC 12/31 see INT 9/2 195 2,160 CHK 9/30 10e SF 12/10 106 1,180 CHK 12/31 lee SF Daily Balance Date Amount 7/1 $15, 440 7/7 13,760 7/14 1,960 7/24 1,280 8/1 37,580 8/9 12,380 8/24 10,600 9/1 24,100 9/2 21,940 9/30 22,040 10/1 35,040 11/1 52,740 12/10 51,560 12/31 $51,760 $191,000 $49, 240 Desc. DEP Customer deposit CHK Customer check INT Interest earned DC Debit card SF Service fees After comparing the two balances, Suzle has some concern because the bank's balance of $51,760 is substantially less than the company's balance of $65,460. 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 reconclllation.) GREAT ADVENTURES, INC. Bank Reconciliation December 31, 2021 Company's Cash Balance Per General Ledger Bank's Cash Balance Per Bank Statement Bank Balance Per Reconciliation Company Balance Per 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.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec. 31, 2021 Cash Interest Revenue N Dec. 31, 2021 Service Fee Expense Cash
