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July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,090 Cash Balance July 1, Cash 2021 + Receipts $7,270 $8,540 Cash Receipts

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July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,090 Cash Balance July 1, Cash 2021 + Receipts $7,270 $8,540 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,600 3,180 2,760 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,720 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,540 2,000 3,900 940 1,340 $9, 720 $8,540 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: Withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 NO. Total NO. Total $7,900 3 $5,834 7 $ 9,504 Deposits and Credits Withdrawals and Debits Date Amount Dese. Date No. Amount Desc. 7/10 $2,600 DEP 7/2 $ 630 CHK 7/22 3,180 DEP 7/10 531 7/31 1,540 CHK 54 INT 7/14 532 2,000 CHK 7/18 440 NSE 7/22 533 4,300 CHK 7/26 540 EFT 7/30 54 SF 530 Ending Balance July 31, 2021 $ 4,230 Daily Balance Date Amount 7/2 $7,270 7/10 8,330 7/14 6,330 7/18 5,890 7/22 4,770 7/26 4,230 7/30 4,176 7/31 $ 4,230 $5,834 $9,504 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 indicat 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 Per bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation Journal entry worksheet

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