GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,580 Cash Balance July 1, Cash 2021 Receipts $6,990 $8,330 Cash Receipts Date Desc. 779 Sales 7/21 Sales 7/31 Sales Amount $ 2,530 3,110 2,690 Date 777 7/12 7/19 7/22 7/30 Cash Disbursements $8,740 Cash Disbursements Check Desc. Rent 532 Salaries 533 Equipment Utilities 535 Advertising Amount $ 1,470 1.930 3,200 870 1.270 $8,740 $8,330 Member FDIC 2252798471 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (568) 1m-IE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73641 Statement Date: Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 NO Total NO. Total $7.550 35.687 7 $ 8,447 Deposits and Credits Withdrawals and Debits Date Amount Desc Date Amount Desc 7/10 52,530 DEP 530 $ 560 7/22 3.110 DEP 7/10 531 1,470 CK 7/31 INT 7/14 302 1,90 CIR 7/18 370 NST 7/22 533 3.600 CHK 7720 470 ETT 47 sr Ne July 31, 2021 Ending Balance July 31, 2021 54,790 Daily Balance Date Anunt 7/2 $0.990 7/10 5.050 7/14 6,120 7/18 5.750 7/23 5,200 7/26 3,790 4.743 34,90 $9.687 $8.4.2 De . SF Suvi NSF Nunsuchen und INT Totoraid CHK Custo che DCP Customer wil NOTC Note collect CET Cutronlunds Lister Additional Information: a. The difference in the beginning balances in the company's records and the bank statement reste to check=536, which is outstanding as of June 30, 2021 b. Check 533 is correctly processo by the bank c. The EFT on July 26 relates to the purchase office supplies Required: 1. Prepare a bank reconciliation for Gover's checking account on July 31 202 (Amounts to be deducted should be indicated with a minus sign Total entries to the same account together when entering in the bank reconciliation) Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient tunds 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 at Journal entry worksheet Record the entries that increase cash. Note to bits born Transaction General Journal Debit Credit Recordantry Contry View 2. Record the necessary cash adjustments. If no entry is required for a transaction/event. Belect No Journal Entry Required in the first account field.) View transaction Journal entry worksheet 1 2 Record the entries that decrease cashi de General Detit Credit Transaction 12 NO Candy View 53
