(Solved by Expert Tutors) An examination of the cash activities during the year shows the followin

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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 ??
??	?	?	?	?	?	?	?	?
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Summary of Transactions

Beginning Cash Balance July 1, 2018	+	Deposits	?	Checks	=	Ending Cash Balance December 31, 2018
$0	?	$113,300	?	$44,060	?	$69,240
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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.
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?????????????????????????????SUMMIT BANK ????????????????????????????Leading You to the Top									Member FDIC ???
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??Account Holder:			??Great Adventures, Inc.			?	?????Account Number: ????Statement Date:		1124537774 Dec. 31, 2018
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Account Summary
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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
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Account Details
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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???
??	?	?	?	?	?	?	?	?	?	?	?
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?Desc.	DEP?Customer deposit	INT?Interest earned	SF?Service fees
?	CHK?Customer check	DC?Debit card	?

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After comparing the two balances, Suzie has some concern because the bank?s balance of $55,540 is substantially less than the company?s balance of $69,240.
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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.)
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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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