Required information i [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. Cash Balance GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Disbursements Cash Balance July 31, 2021 $7,070 July 1, 2021 + $6,710 Cash Receipts $8,120 $7,760 Cash Receipts Cash Disbursements Date Desc. 7/9 Sales Amount $2,460 Date 7/7 Check# Desc. Amount 531 Rent $1,400 7/21 Sales 3,040 7/12 532 Salaries 1,860 7/31 Sales 2,620 7/19 533 Equipment 2,500 7/22 534 7/30 535 Utilities Advertising 800 1,200 $8,120 $7,760 P.O. Box 123878 Gotebo, OK 73041 (580) 377-OKIE Account Holder: FIDELITY UNION Member FDIC You Can Bank On Us Glover Incorporated 519 Main Street Gotebo, OK 73041 Account Number: Statement Date: Withdrawals and Beginning Balance. July 1, 2021 $7,200 Deposits and Credits Deposits and Credits Debits NO. 3 Total $5,540 NO. 7 Total $ 7,490 Withdrawals and Debits 2252790471 July 31, 2021 Ending Balance July 31, 2021 $5,250 Daily Balance Date 7/10 7/22 7/31 Amount Desc. Date No. Amount Desc. Date Amount $2,460 DEP 7/2 530 $ 490 CHK 7/2 $6,710 '3,040 DEP 7/10 531 1,400 CHK 7/10 7,770 40 INT 7/14 532 1,860 CHK 7/14 5,910 7/18 300 NSF 7/18 5,610 7/22 533 3,000 CHK 7/22 5,650 7/26 400 EFT 7/26 5,250 7/30 40 SP 7/30 5,210 7/31 $5,250 $5,540 $7,490