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An examination of the cash activities during the year shows the following.

GREAT ADVENTURES Cash Account Records July 1, 2018, to December 31, 2018
Deposits				Checks/Debit Cards
Date	Desc.	Amount		Date	No.	Desc.	Amount
7/1	Stock sale	$	20,000	7/1	101	Insurance	$	3,840
7/15	Clinic receipts		2,000	7/2	102	Legal fees		1,100
7/22	Clinic receipts		2,300	7/7	DC	Advertising		220
7/30	Clinic receipts		4,000	7/8	103	Bikes		11,200
8/1	Borrowing		22,000	7/24	DC	Advertising		620
8/10	Clinic receipts		3,000	8/4	104	Kayaks		16,800
8/17	Clinic receipts		10,500	8/24	DC	Office supplies		1,720
9/21	Clinic receipts		12,400	9/1	105	Rent		1,440
10/17	Clinic receipts		17,100	12/8	106	Race permit		1,120
12/15	Race receipts		20,000	12/16	107	Salary		2,000
				12/31	108	Dividend		2,000
				12/31	109	Dividend		2,000
		$	113,300				$	44,060

Summary of Transactions

Beginning Cash Balance July 1, 2018	+	Deposits		Checks	=	Ending Cash Balance December 31, 2018
$0		$113,300		$44,060		$69,240

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.

SUMMIT BANK Leading You to the Top									Member FDIC
Account Holder:			Great Adventures, Inc.				Account Number: Statement Date:		1124537774 Dec. 31, 2018
Account Summary
Beginning Balance			Deposits and Credits				Withdraws and Debits		Ending Balance
July 1, 2018			No Total				No Total		December 31, 2018
$0			8		$93,800		11	$38,260	$55,540
Account Details
Deposits and Credits				Withdraws and Debits					Daily Balance
Date	Amount		Desc.	Date	No.	Amount		Desc.	Date	Amount
7/1	$	20,000	DEP	7/1	101	$	3,840	CHK	7/1	$	16,160
8/1		8,300	DEP	7/7	102		1,100	CHK	7/7		14,840
8/1		22,000	DEP	7/7			220	DC	7/14		3,640
9/1		13,500	DEP	7/14	103		11,200	CHK	7/24		3,020
9/30		200	INT	7/24			620	DC	8/1		33,320
10/1		12,400	DEP	8/9	104		16,800	CHK	8/9		16,520
11/1		17,100	DEP	8/24			1,720	DC	8/24		14,800
12/31		300	INT	9/2	105		1,440	CHK	9/1		28,300
				9/30			100	SF	9/2		26,860
				12/10	106		1,120	CHK	9/30		26,960
				12/31			100	SF	10/1		39,360
									11/1		56,460
									12/10		55,340
	$	93,800				$	38,260		12/31	$	55,540

Desc.	DEP Customer deposit	INT Interest earned	SF Service fees
	CHK Customer check	DC Debit card

After comparing the two balances, Suzie has some concern because the banks balance of $55,540 is substantially less than the companys balance of $69,240. 2-a. Prepare Great Adventures bank reconciliation for the six-month period ended December 31, 2018. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) 2-b. Record any necessary entries to adjust cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.)

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