GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 1. Cash 2021 + Receipts $7,350 $8,600 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Cash Balance July 31, 2021 $5,950 Amount $ 2,620 3,200 2,780 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $10,000 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $ 1,560 2,020 4,100 960 1,360 $10,000 $8,600 Member FDIC 2252790471 July 31, 2021 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (580) 377-OKIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Beginning Balance Withdrawals and Deposits and Credits Debits July 1, 2021 NO. Total NO. Total $8,000 3 $5,876 7 $ 9,706 Deposits and Credits Withdrawals and Debits Date Amount Desc. ate No. Amount Dese. 7/10 $2,620 DEP 7/2 530 7/22 $ 650 CHK 3,200 DEP 7/10 531 1,560 7/31 56 CHK INT 7/14 532 2,020 CHK 7/18 460 NSE 7/22 533 4,400 CHK 7/26 560 EFT 7/30 56 Ending Balance July 31, 2021 $ 4,170 Daily Balance Date Amount 7/2 $7,350 7/10 8, 410 7/14 6, 390 7/18 5,930 7/22 4,730 7/26 4,170 7/30 4,114 7/31 $4,170 SP $5,876 $9,706 Hell $5,876 $9,706 Desc. DEP Customer deposit NOTE Note collected ETT Electronie funds transfer INT Interest earned CHK Customer check SP Service fees NSP 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