Question

Date Desc. Amount $ 4,680 1,450 7/15 7/22 7/2e 11,90 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Amount Date Check Stock sale $ 39, Bee 7/1 clinic receipts 1,820 7/2 Legal fees clinic receipts 2.760 7/7 Advertising clinic receipts 3.6ee 7/8 Bikes Borrowing 29, Bee 7/24 Advertising clinic receipts 5, 120 8/4 Kayaks clinic receipts 11,920 8/24 office supplies clinic receipts 13,120 9/1 Rent clinic receipts 17. see 12/8 186 Race permit Race receipts 30, 2e 12/16 187 Salary 12/31 Dividend 12/31 189 Dividend $145, 26,620 8/10 8/17 9/21 10/17 12/15 2. ese Summary of Transactions Beginning Cash Balance July 1, 2021 Endins Cash Balance December 31, 2021 $86,190 + Cash Receipts $145,06e - Cash Disbursements - $58,878 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 Account Holder: SUMIT BANK Leading you to the Top Great Adventures, Inc. Account Number: Statement Date: Account Summary posits and Credits Withdrawals and Debits 1124537774 Dec. 31, 2021 Beginning Balance Total $50,970 Ending Balance December 31, 2021 $64,390 $115,352 Account Details Withdrawals and Debits Date Desc. DEP Date 7/1 Dese. $ 30,ese ОНК $ 4,680 1,450 7/1 9/1 29, ese 17.ee 103 9/30 7/24 11,90 690 26,620 1,790 2,280 13,180 17,880 280 11/1 12/31 DEP INT 8/24 9/2 9/30 12/1e 12/31 Daily Balance Date Amount $25, 320 23,580 7/14 7/24 10.99 48. 15e 21.55e 8/24 19,760 9/1 36.750 34,480 9/2e 34,530 47,630 11/1 65,43e 12/10 64.248 12/31 $64, 390 105 106 1,199 $115,368 $50,978 SF Service fees Desc. DEP Customer deposit CHK Customer check INT Interest earned DC Debit card After comparing the two balances, Suzie has some concem because the bank's balance of $64.390 is substantially less than the company's balance of $86,190.

Answer 1

Bank Reconciliation
December 31,2021
Bank's Cash balance		Company's Cash balance
Per bank statement	64390	Per general ledger	86190
Deposits outstanding	30000	Interest earned	300
Checks outstanding	-8000	Service Fees	-100
Bank balance per reconciliation	86390	Company balance per reconciliation	86390
Workings:
Checks outstanding:
107	2000
108	3000
109	3000
Checks outstanding	8000