Date 7/1 7/15 7/22 7/30 Clinic receipts Clinic receipts Clinic receipts An examination of the cash activities during the year shows the following. Cash Receipts Description Stock sale GREAT ADVENTURES Cash Account Records July 1, 2024, to December 31, 2024 Amount Date $20,000 7/1 2,000 7/2 2,300 7/7 Cash Disbursements: Check number 101 102 DC Description Insurance Legal fees Amount $4,560 1,400 Advertising 280 4,000 7/8 103 Bikes 11,800 8/1 Borrowing 28,000 7/24 DC Advertising 680 8/10 Clinic receipts 3,000 8/4 104 Kayaks 25,200 8/17 Clinic receipts 10,500 8/24 DC Office supplies 1,780 9/21 Clinic receipts 13,000 9/1 105 Rent 2,160 10/17 Clinic receipts 17,700 12/8 106 Race permit 1,180 12/15 Race receipts 20,000 12/16 107 Salary 2,000 12/31 108) Dividend 2,000 12/31 109 Dividend 2,000 $120,500 $55,040 Summary of Transactions Beginning Cash Balance July 1, 2024 Cash Receipts se $120,500 Cash Disbursements $55,040 Ending Cash, Balance December 31, 2024 $65,460 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, Incorporated Account Number: Statement Date: Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits 1124537774 Member FDIC December 31, 2024 Ending Balance December July 1, 2024 50 Deposits and Credits Number " Total $101,000 Number 11 Total $49,240 31, 2024 $51,760 Account Details Withdrawals and Debits Daily Balance Date Amount Description Date Number Amount Description Date Amount 7/1 $20,000- DEP 7/1 101 $4,560 CHK 7/1 $15,440 8/1 8,300 DEP 717 1021 1,400 7/1 13,760 8/1 28,000 DEP 717 250 DC 7/14 1,960 9/1 13,500 DEP 7/14 103 11,800) 7/24 1,200 9/30 200 INT 7/24 DC 8/1 37,500 10/1 13,000 DEP 8/9 104 25,200 Ox 8/9 12,380 11/1 12/31 17,700 DEP 8/24 1,780 DC 8/24 10,600 300 INT 9/2 105 2,160 O 9/1 24,100 9/30 100 SF 9/2 21,940 12/10 12/31 106 1,180 CHIC 9/30 22,040 100 SF 10/1 35,Mo 11/1 53,740 12/10 51,560 $101,000 $49,240 12/31 $51,700 Description 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 bank's balance of $51,760 is substantially less than the company's balance of $65.460 Required: 2-8. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2024. 2-b. Record any necessary entries to adjust cash. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2A Req 28 Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2024. (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, INCORPORATED Bank Reconciliation December 31, 2024 Bank's Cash Balance Company's Cash Balance Per Bank Statement Deposits Outstanding Checks Outstanding Bank Balance Per Reconciliation 00 $ 51,760 20,000 Per General Ledger S 65,460 Interest Earned (6,000) C Service Fee 00 500 (200) O Company Balance Per Reconciliation <