value 10.00 points An examination of the cash activities during the year shows t
ID: 2537964 • Letter: V
Question
value 10.00 points 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 7/1 Stock sale 7/15 Clinic receipts 1,800 7/2 102 Legal fees 7/22 Clinic receipts 7/30 Clinic receipts 8/1 Borrowing 8/10 Clinic receipts Amount Date No. Des 30,0007/1 101 Insurance S 5,400 2,760 71 DC Advertising 3,600 7/8 103 Bikes 35,000 7/24 DC Advertising 5,100 8/4 104 Kayaks 12,500 35,000 8/17 Clinic receipts 11,900 8/24 DC Office supplies 1,850 9/21 Clinic receipts 10/17 Clinic receipts 12/15 Race receipts 30,000 12/16 107 Salary 13,700 9/1 105 Rent 18,400 12/8 106 Race permit 12/31 108 Dividend 12/31 109 Dividend 3,000 3,000 $152,260 S 69,850 Summary of Transactions Beginning Cash Balance Ending Cash Balance July 1,2018 + Deposits - Checks = December 31, 2018 S0 $152 260 $69.850 $82,410
Explanation / Answer
2-a.
2-b.
GREAT ADVENTURES, INC. Bank Reconciliation December 31, 2018 Bank's Cash Balance Company's Cash Balance Per bank statement 60610 Per general ledger 82410 Add: Deposits in transit 30000 Add: Interest earned 300 90610 82710 Less: Outstanding checks -8000 Less: Bank service fees -100 Bank balance per reconciliation 82610 Company balance per reconciliation 82610Related Questions
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