GREAT ADVENTURES INC. Bank Reconciliation December 31,2021 |
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Bank's cash balance | Company's cash balance | ||
Per Bank statement | $ 58,720 | per general ledger | $ 80,520 |
Add: Deposit in transit | $ 30,000 |
Add: Interest earned ( $ 100 + $ 200 ) |
$ 300 |
$ 88,720 | $ 80,820 | ||
Less: Outstanding checks ( Check - 107, 108, 108 ) ( $ 2,000 + $ 3,000 + $ 3,000 ) |
($ 8,000) |
Less: Bank service Fees ( $ 50 + $ 50 ) |
($ 100) |
Bank Balance per Reconciliation | $ 80,720 | Company's Balance per Reconciliation | $ 80,720 |
Date | Accounts Titles and Explanation | Debit | Credit |
Dec. 31 , 2021 | Cash | $ 300 | |
Interest income (or) Revenue | $ 300 | ||
(to record the Interest income ) | |||
Dec. 31 , 2021 | Misc. expense (or) Bank service charges | $ 100 | |
Cash | $ 100 | ||
(to record the Service Fees ) | |||
3. An examination of the cash activities during the year shows the following Date 7/1 7/15...
An examination of the cash activities during the year shows the following. Date 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Check# Desc. Stock sale $ 20,000 7/1 101 Insurance clinic receipts 2,000 7/2 102 Legal fees clinic receipts 2,300 7/7 DC Advertising clinic receipts 4,000 7/8 103 Bikes Borrowing 36,000 7/24 DC Advertising clinic receipts 3,000 8/4 104...
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 Cash Disbursements Amount Date Check# Date Desc. Desc Amount Stock sale 30,000 7/1 1,800 7/2 2,760 7/7 3,600 7/8 38,000 7/24 5,100 8/4 11,900 8/24 14,000 9/1 18,700 12/8 30,000 12/16 12/31 12/31 $5,760 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 101 Insurance clinic receipts clinic receipts clinic receipts Borrowing clinic...
An examination of the cash activities during the year shows the following. Date 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Check# Desc. Stock sale $ 30,000 7/1 101 Insurance clinic receipts 1,800 7/2 102 Legal fees clinic receipts 2,760 7/7 DC Advertising clinic receipts 3,600 7/8 103 Bikes Borrowing 29,000 7/24 Advertising clinic receipts 5,100 8/4 104 Kayaks...
An examination of the cash activities during the year shows the following. Amount $ 5,640 1,850 102 DC 370 103 Date 7/1 7/15 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Canh Disbursements Desc Amount Date Check# Dese. Stock sale $ 25.000 7/1 - 101 Insurance clinic receipts 2.000 7/2 Legal fees Clinie receipts 1.840 7/7 Advertising clinic receipts 5.500 7/8 Bikes Borrowing 37.000 7/24 Advertising...
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 Cash Disbursements Date Desc. Amount Date Check# Desc. Amount 7/1 Stock sale $ 30,000 7/1 101 Insurance $ 5,760 7/15 Clinic receipts 1,800 7/2 102 Legal fees 1,900 7/22 Clinic receipts 2,760 7/7 DC Advertising 380 7/30 Clinic receipts 3,600 7/8 103 Bikes 12,800 8/1 Borrowing 38,000 7/24 DC Advertising 780 8/10 Clinic receipts...
An examination of the cash activities during the year shows the following. Desc. Date 7/1 7/15 7/22 7/30 Amount $ 3.720 1.850 210 1e3 8/1 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Checki Stock sale $ 25,00 7/1 191 Insurance Clinic receipts 2.000 7/2 182 Legal fees Clinic receipts 1,840 7/7 DC Advertising Clinic receipts 5,508 7/8 Bikes Borrowing 21, see 7/24 Advertising Clinic receipts 4.980 8/4 124...
An examination of the cash activities during the year shows the following. Desc. Date 7/1 7/15 7/22 7/30 Amount $ 3.720 1.850 210 1e3 8/1 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Checki Stock sale $ 25,00 7/1 191 Insurance Clinic receipts 2.000 7/2 182 Legal fees Clinic receipts 1,840 7/7 DC Advertising Clinic receipts 5,508 7/8 Bikes Borrowing 21, see 7/24 Advertising Clinic receipts 4.980 8/4 124...
Please show work, thanks! An examination of the cash activities during the year shows the following. Date 7/1 7/15 LI DC 103 7/22 7/30 8/1 8/10 8/17 9/21 10/17 12/15 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Desc. Amount Date Check# Desc. Stock sale $ 30,000 7/1 101 Insurance clinic receipts 1,800 7/2 102 Legal fees Clinic receipts 2,760 7/7 Advertising Clinic receipts 3,600 7/8 Bikes Borrowing 35,000 7/24 DC Advertising...
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 Cash Disbursements Amount Date Check# Amount Date Desc. Desc. 25,000 7/1 2,000 7/2 7/1 7/15 7/22 Stock sale 101 Insurance 5,640 1,850 Clinic receipts clinic receipts clinic receipts Borrowing Clinic receipts clinic receipts Clinic receipts Legal fees Advertising 102 1,840 7/7 5,500 7/8 DC 370 Bikes 7/30 103 12,700 8/1 Advertising Kayaks Office supplies...
Great Adventures Problem AP4-1 An examination of the cash activities during the year shows the following. 7/1 GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Cash Disbursements Date Desc. Amount Date Check# Desc. Amount 2 Stock $ 25,000 7/1 101 Insurance $ 4,920 sale Clinic 7/15 2,000 772 102 Legal fees 1,550 receipts 7/22 Clinic 1,840 7/7 DC Advertising 310 receipts 7/30 clinic 5,500 7/8 103 Bikes 12,100 receipts 8/1 Borrowing 31,000 7/24 DC...