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 $60,610 is substantially less than the companys balance of $82,410. 2-a. Prepare Great Adventures bank reconciliation for the six-month period ended December 31, 2018

2-b. Record any necessary entries to adjust cash.

An examination of the cash activities during the year shows the following. Date 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2018, to December 31, 2018 Deposits Checks/Debit Cards Desc. Amount Date No. Desc. Stock sale $ 30,000 7/1 101. Insurance Clinic receipts 1,800 7/2 102 Legal fees Clinic receipts 2,760 7/7 DC Advertising Clinic receipts 3,600 7/8 103 Bikes Borrowing 35,000 7/24 DC Advertising Clinic receipts 5,100 8/4 104 Kayaks Clinic receipts 11,900 8/24 DC Office supplies Clinic receipts 13,700 9/1 105 Rent Clinic ceipts 18,400 12/8 106 Race permit Race receipts 30,000 12/16 107 Salary 12/31 108 Dividend 12/31 109 Dividend Amount $ 5,400 1,750 350 12,500 750 35,000 1,850 3,000 1,250 2,000 3,000 3,000 $ 152,260 $ 69,850 Summary of Transactions Beginning Cash Balance July 1, 2018 $0 Ending Cash Balance December 31, 2018 $82,410 + Deposits $152,260 Checks $69,850 SUMMIT BANK Leading You to the Top Member FDIC Account Holder: Great Adventures, Inc. Account Number: 1124537774 Statement Date: Dec. 31, 2018 Account Summary Beginning Balance Deposits and Credits No Total Withdraws and Debits Ending Balance No Total December 31, 2018 July 1, 2018 $0 8 $122,560 11 $61,950 $60,610 Account Details Deposits and Credits Withdraws and Debits Daily Balance No. 101 102 Date 7/1 8/1 8/1 9/1 9/30 10/1 11/1 12/31 Amount $ 30,000 8,160 35,000 17,000 100 13,700 18,400 200 Desc. DEP DEP DEP DEP INT DEP DEP INT 103 Date 7/1 7/7 7/7 7/14 7/24 8/9 8/24 9/2 9/30 12/10 12/31 Amount $ 5,400 1,750 350 12,500 750 35,000 1,850 3,000 50 1,250 50 Desc. CHK CHK DC CHK DC CHK DC CHK SF CHK SF 104 Date 7/1 7/7 7/14 7/24 8/1 8/9 8/24 9/1 9/2 9/30 10/1 11/1 12/10 Amount $24,600 22,500 10,000 9,250 52,410 17,410 15,560 32,560 29,560 29,610 43,310 61,710 60,460 105 106 $ 122,560 $ 61,950 12/31 $60,610