Great Adventures Problem AP4-1 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 Disbursements Cash Receipts Date Desc. Amount Date Check 7/1 Stock sale. $ 30,000 7/1 101 7/15 clinic receipts 1,800 7/2 102 Desc. Insurance Legal fees 7/22 Clinic receipts 2,760 7/7 DC Advertising 7/30 8/1 clinic receipts 3,600 7/8 103 Bikes Amount $ 3,960 1,150 230 11,300 Borrowing 23,000 7/24 DC Advertising 630 8/10 Clinic receipts. 5,100 8/4 104 Kayaks 18,200. 8/17 9/21 Clinic receipts 11,900 8/24 DC Office supplies 1,730 Clinic receipts 12,500 9/1 105 Rent 1,560 10/17 Clinic receipts 17,200 12/8 106 Race permit 1,130 12/15 Race receipts 30,000 12/16 107 Salary 2,000 12/31 108 12/31 109 Dividend Dividend 3,000 3,000 $137,860 $47,890 Beginning Cash Balance July 1, 2021 $ 0 Summary of Transactions Ending Cash Receipts $137,860 Cash Disbursements $47,890 Cash Balance December 31, 2021 $89,970 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.