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Required information [The following information applies to the questions displayed below.) The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,860 Cash Balance July 1, Cast: 2021 Receipts $6,830 $8,210 Cash Receiptis Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Rount $2,490 3,070 2,650 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $B, 180 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,430 1,890 2,800 830 1,230 $8,180 $8,210 Member FDIC 2252790471 July 31, 2021 2.0. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (550) 377 = DIE Account Holder: Glover Incorporated Account Number 519 Main Street Gotebo, OK 73041 Statement Date: Withdrawals and Beginning Balance Deposits and Credits Debito July 1, 2021 NO. Total NO. Total 52,350 3 55,603 7 $. 2,943 Deposits and Credits Withdrawals and Debits Date Amount Deno. Date No. Rount Deso. 7/10 52,490 DEP 7/2 530 S520 CHK 7/22 3,070 DEP 7/10 531 1.430 CHK 7/31 43 INT 7/14 532 1,890 CHIK 7/18 330 NSF 7/22 533 3,300 CHK 7/26 430 EFT 7/30 43 SE Ending Balance July 31, 2021 $ 5,010 Daily Balance Date Aount 7/2 $6,830 7/10 7,890 7/14 6,000 7/10 5,670 7/22 5.440 7/26 5,010 7/30 4.967 $5,010 7/31 $5,603 $7,943 Desc. DEP Customer deposit NOTE Note collected ET Electronic funds transfer INT Interest earned CEK Customer check BY Service fees NSF Nonsufficient funda 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. 2252790471 July 31, 2021 Account Holder: Glover Incorporated Account Numbers 310 Main Street Gotebo, OK 73041 Statement Datet withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 NO. Total 10. Total $7.350 3 55,603 7 $ 7,943 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Dese. 7/10 $2,490 DEP 7/2 530 $ 520 CEX 7/22 3,070 DEP 7/10 531 1.430 CHX 7/31 43 INT 7/14 532 1.890 CHX 7/18 330 NSE 7/22 533 3,300 7/26 430 EFT 7/30 SF Date Ending Balance July 31, 2021 $ 5,010 Daily Balance Amount 7/2 $6,830 7/10 7,890 7/14 6,000 7/18 5,670 7/22 5,440 7/26 5,010 7/30 4,967 7/31 $5,010 $5,603 57.943 Desc. DEP Customer deposit NOTE Note collected EFT Electronie funds transfer INT Interest earned CHEX Customer check S7 Service fees SY Nonsufficient funda 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. Required: 1. Prepare a bank reconciliation for Glover's checking account on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) GLOVER INCORPORATED Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance Por bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation