Project Saved Help Save & Exit Submit Check my work 9. An examination of the cash activities during the year shows the following. 4.54 points eBook Print Date 7/1 7/15 7/22 7/30 8/1 5/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Dese. Amount Date Check Desc Stock sale $ 20,000 7/1 101 Insurance Clinie receipts 2,000 7/2 102 Legal fees Clinie receipts 2,300 7/7 Advertising clinie receipts 4,000 7/8 103 Bikes Borrowing 30,000 7/24 DC Advertising clinte receipts 3,000 8/4 104 Kayaks Clinie receipts 10,5008/20 DC office supplies Clinie receipts 13,200 9/1 105 Clinie receipts 17,900 12/8 106 Race permit Race receipts 20,000 12/16 Salary 12/31 108 Dividend 12/31 109 Dividend $122,900 References Amount $ 4,800 1,500 300 12,000 700 28,000 1,800 2,400 1,200 2,000 2.000 2.000 $58,700 Rent 102 Summary of Transactions Beginning Cash Balance Ending Cash Balance + July 1, 2021 $ 0 Cash Receipt $122,900 Cash Disbursement $58,700 December 31, 2021 $64,200 9 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 4.54 points 1124537774 Dec. 31, 2021 eBook Ending Balance December 31, 2021 $50, 500 Print References SUMMIT BANK Leading You to the Top Account Holders Great Adventures, Inc. Account Number: Statenent Datet Account Summary Withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 NO Total No Total $0 B $103,400 11 $52,900 Account Details Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Dene. 7/1 $ 20,000 DEP 7/1 101 $ 4,800 CHK 8/1 8,300 DEP 7/7 102 1,500 CHK 8/1 30,000 DEP 7/7 300 DC 9/1 13,500 DEP 7/14 103 12,000 9/30 200 7/24 700 DC 10/1 13,200 DEP B/9 104 28,000 CHK 11/1 17,900 DEP 8/24 1.800 DC 12/31 300 9/2 105 2.400 CHK 9/30 100 SP 12/10 1,200 CHK 12/31 100 SE 7/1 CHK Daily Balance Date Amount $15,200 7/7 13,400 7/14 1,400 7/24 700 8/1 39,000 8/9 11,000 8/24 9,200 9/1 22,700 9/2 20,300 9/30 20,400 10/1 33,600 11/1 51,500 12/10 50,300 12/31 $50,500 105 $52,900 $103,400 After comparing the two balances, Suzie has some concern because the bank's balance of $50,500 is substantially less than the company's balance of $64,200. 4.54 points 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) eBook Print References GREAT ADVENTURES, INC Bank Reconciliation December 31, 2021 Company's Cash Balance 50,500 Per General Ledger 20.000 Service Fee 6.000 Interest Eamed S Bank's Cash Balance Per Bank Statement Deposits Outstanding Checks Outstanding $ 64,200 200 Bank Balance Per Reconciliation Company Balance Per Reconciliation