Problem 4-3B Prepare The Bank reconciliation and record cash adjustments (LO4-5)

Record the journal entry worksheet

ork (Algo) 0 Saved HO Required information Problem 4-3B Prepare the bank reconciliation and record cash adjustments (L04-5) (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 $7,000 Cash Balance July 1, Cash 2021 Receipts $6,750 $8,150 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,470 3,050 2,630 Cash Disbursements $7,900 Cash Disbursemenas Date Check# Desc. 7/7 531 Rent 7/12 532 Salaries 7/19 533 Equipment 7/22 534 Utilities 7/30 535 Advertising Amount $1,410 1,870 2,600 810 1,210 $7,900 $8,150 Member FDIC 2252790471 July 31, 2021 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (588) 377-KIE 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 $7,250 3 $5,5617 $ 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 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 Check m 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. O Required information Journal entry worksheet Record the entries that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cash Interest Revenue 41 41 Record entry Clear entry View general journal