roject- Worth 22 points Saved 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 Receipts Desc. Stock sale Cash Disbursements Desc. Insurance Date Check Amount Date Amount 7/1 7/15 7/22 $ 30,000 7/1 1,800 7/2 2,760 7/7 3,600 7/8 32,000 7/24 101 102 $5,040 1,600 320 clinic receipts clinic receipts Clinic receipts Borrowing clinic receipts clinic receipts clinic receipts Clinic receipts Race receipts Legal fees Advertising Bikes DC 103 7/30 12,200 720 8/1 Advertising Kayaks office supplies DC 8/10 5,100 30,800 1,820 2,640 8/4 104 DC 8/17 11,900 8/24 13,400 9/1 18,100 12/8 30,000 12/16 12/31 12/31 9/21 10/17 12/15 105 106 Rent Race perait Salary Dividend Dividend 1,220 2,000 3,000 3,000 $64,360 107 108 109 $148,668 Sunmary of Transactions Ending Cash Balance December 31, 2021 $84,300 Begining Cash Balance July 1, 2021 Cash Disbursements $64,360 Cash Receipts $148,660 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 SUPPAIT BANK Leading You to the Top 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 Member FDIC Leading You to the Top Account Holder: Great Adventures, Inc. Account Number: Statement Date: 1124537774 Dec. 31, 2021 Account Summary Beginning Balance July 1, 2821 Deposits and Credits Total Ending Balance December 31, 2821 $62,500 Withdrawals and Debits No No Total 8 $118,960 Account Details Withdrawals and Debits No. $56,460 11 Deposits and Credits Desc DEP DEP Daily Balance Date Amount Date Amount Desc- Date Amount 7/1 8/1 $ 5,040 $30,e00 8,160 7/1 1e1 102 7/1 7/7 $24,960 23,840 10,840 10,120 50,280 19,480 17,660 34,660 32,020 32,070 45,470 63,570 62,350 7/7 1,600 CH 32,e00 17,000 1e0 13,400 8/1 9/1 7/7 7/14 DEP 320 DC 7/14 12,200 720 30,800 1,820 2,640 se 1,220 se DEP 103 7/24 CHK INT 9/30 7/24 DC 8/1 10/1 8/9 DEP 104 8/9 18,100 200 11/1 DEP 8/24 9/2 9/30 12/10 12/31 DC 8/24 12/31 INT 105 CHK 9/1 SF HK SF 9/2 106 9/30 10/1 11/1 12/10 $56,460 $118,960 12/31 $62,500 Desc. DEP Custoner depositi CHK Customer check INT Interest earned SF Service fees DC Debit card After comparing the two balances, Suzie has some concern because the bank's balance of $62,500 is substantially less than the- company's balance of $84,300. 2-0. 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 some account together when entering in the bank reconciliation.) GREAT ADVENTURES, INC Bank Reconciliation December 31, 2021 Company's Cash Balance Bank's Cash Balance 64 360 62,500 Per General Ledger 64,360 64,360 Per Bank Statement Service Fee Deposits Outstanding Interest Earned 300 Checks Outstanding 64,360 64.360 Company Balance Per Reconciliation $ Bank Balance Per Reconciliation View transaction list Journal entry worksheet Record the amounts that increase cash. Nate: Enter debits before Credits Date General Joumal Debit Credit Dec. 31 2021 Cash Interest Revenue 300 Record entrY Clear ry View general journal View transaction list Journal entry worksheet $2 Record the amounts that decrease cash. Note: Enter debit before credits Date General Jourmal Debit Credit Dec 31 2021 Service Fee Expense Cash Record entry Cr entry View general jounal Prex 8 o 10 Next