Worth 30 points- ACCT-2010-M50-Fundamentals of Acct Worth 30 points-ACCT-2010-M50-Fundamentals of Acct I Saved Semester Project- Worth 30 points 8 An examination of the cash activities during the year shows the following. GREAT ADVENTURES Cash Account Records 3 July 1, 2021, to December 31, 2021 points Cash Disbursements Cash Receipts Amount Check Desc. Amount Date Desc. Date $ 3,720 1,050 210 $25,000 7/1 2,000 7/2 1,840 7/7 5,500 7/8 21,000 7/24 4,000 8/4 11,200 8/24 12,300 9/1 17,000 12/8 Insurance 101 Stock sale 7/1 Legal fees Advertising 102 clinic receipts clinic receipts clinic receipts Borrowing clinic receipts clinic receipts clinic receipts clinic receipts Race receipts 7/15 22/ DC eBook 11,100 610 Bikes Advertising Kayaks office supplies 103 7/30 DC 8/1 15,400 1,710 1,320 1,110 1,800 2,500 2,500 $43,030 104 8/10 DC 8/17 Print 105 Rent 9/21 Race permit Salary Dividend 106 10/17 12,000 12/16 12/31 107 12/15 108 References Dividend 109 12/31 $111,840 Sunmary of Transactions Ending Beginning Cash Balance Cash Balance Cash December 3, 2021 $68,8 Disbursements July 1, 2021 $ Cash Receipte $111,840 + $43,030 Suzie has not reconciled the company's cash balance with that of the bank since the company was started. She asks Sun provide her with a six-month bank statement. To save time, Suzie makes deposits at the bank only on the first day of eac Member FDIc SUNMIT BANK Leading You to the Top Great Adventures, Inc. 1124537774 Account Number: Account Holder: 2021 al $ 0 $43,030 $68,810 $111,840 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. Member FDIC SUNNIT BANK Leading You to the Top Great Adventures, Inc. Account Number 1124537774 Account Holder: Statement Date: Dec. 31, 2021 ok Account Summary Withdrawals and Deposits and Credits Beginning Balance July 1, 2021 S0 Debits Ending Balance December 31, 2021 No Total Total No nt 8 $100,240 Account Details 11 $36,530 $63,710 Deposits and Credite Amount Withdravals and Debits Daily Balance nces Date Desc. Date No. Amount Desc. Date Amount $ 25,000 9,340 21,000 7/1 3,720 1,050 210 7/1 7/7 $21,280 7/1 DEP 101 CHK 20,020 DEP DEP 8/1 8/1 9/1 102 CHK 7/7 7/14 7/24 DC 7/14 8,920 8,310 11,100 7/24 8/1 8/9 15,200 DEP 103 CHK 38,650 23,250 9/30 300 INT 610 DC 10/1 11/1 DEP 12,300 17,000 100 8/9 104 15,400 1,710 1,320 150 1,110 150 CHK 8/24 9/2 DC 8/24 21,540 36,740 35,420 35,570 DEP H 105 9/1 12/31 INT SE 9/2 9/30 10/1 11/1 9/30 12/10 12/31 106 SP 47,870 64,870 12/10 63.760 $36,530 $100,240 12/31 $63,710 Desc. DEP Customer deposit CHK Customer check INT Interest earned DC Debit card SF Service fees After comparing the two balances, Suzie has some concern because the bank's balance of $63.710 is substantially less than the company's balance of $68,810. 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 $100,240 $36,530 12/31 $63,710 Desc. DEP Customer deposit INT Interest earned DC Debit card SF Service fees ts CHK Customer check After comparing the two balances, Suzie has some concern because the bank's balance of $63,710 is substantially less t company's balance of $68,810. Book 2-a. Prepare Great Adventures' bank reconciliation for the six-month period ended December 31, 2021. (Amounts to be should be indicated with a minus sign. Total entries to the same account together when entering in the bank rec Print GREAT ADVENTURES, INC. erences Bank Reconciliation December 31, 2021 Bank's Cash Balance Company's Cash Balance Per General Ledger Per Bank Statement Deposits Outstanding 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 E in the first account field. Total entries to the same account together when entering in the journal entry carousel View transaction list View transaction list int Journal entry worksheet ences