GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $7,000 Cash Balance July 1, Cash 2021 Receipts $6,750 $8,150 Cash Receipts Date 7/9 Sales 7/21 Sales 7/31 Sales Desc. Amount $ 2,470 3,050 2,630 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $7,900 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $ 1,410 1,870 2,600 810 1,210 $ 7,900 $ 8,150 Member FDIC 2252790471 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (588) 377-OKIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 NO. Total NO. Total $7,250 3 $5,561 7 $ 7,541 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/10 $2,470 DEP 7/2 530 $ 500 CHK 7/22 3,050 DEP 7/10 531 1,410 CHK 7/31 41 INT 7/14 532 1,870 CHK 7/18 310 NSE 7/22 533 3,000 CHK 7/26 410 EFT 7/30 41 SF July 31, 2021 Ending Balance July 31, 2021 $ 5,270 Daily Balance Date Amount 7/2 $ 6,750 7/10 7,810 7/14 7/18 5,630 7/22 5,680 7/26 5,270 7/30 5,229 7/31 $5,270 5,940 $5,561 $5,561 $7,541 $7,541 Member FDIC 2252790471 NO. P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (588) 377-OKIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 NO. Total Total $7,250 3 $5,561 7 $ 7,541 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/10 $2,470 DEP 7/2 530 $ 500 CHK 7/22 3,050 DEP 7/10 531 1,410 CHK 7/31 41 INT 7/14 532 1,870 CHK 7/18 310 NSF 7/22 533 3,000 CHK 7/26 410 EFT 7/30 41 SF July 31, 2021 Ending Balance July 31, 2021 $ 5,270 Daily Balance Date Amount 7/2 $ 6,750 7/10 7,810 7/14 5,940 7/18 5,630 7/22 5,680 7/26 5,270 7/30 5,229 7/31 $5,270 $5,561 $7,541 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to check #530, which is outstanding as of June 30, 2021. b. Check #533 is correctly processed by the bank. c. The EFT on July 26 relates to the purchase of office supplies. 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entries that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
