Required information Problem 4-3B Prepare the bank reconciliation and record cash adjustments (LO4-5) [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 Cash Balance Balance July 1, 2021 Receipts $6,830 $8,210 Cash Receipts Cash Cash Disbursements July 31, 2021 $8,180 Cash Disbursements $6,860 Check# Date Desc. Amount Date Desc Amount $2,490 3,070 2,650 $1,430 1,890 2,800 830 7/9 7/21 7/31 7/7 7/12 7/19 7/22 Sales 531 Rent Sales 532 Salaries Equipment Utilities Sales 533 534 1,230 7/30 Advertising 535 $8,210 $8,180 Member FDIC P.O. Box 123878 FIDELITY UNION Gotebo, OK You Can Bank On Us 73041 (580) 377-OKIE Account Holder: Glover Incorporated 519 Main Street Account Number: 2252790471 Gotebo, OK 73041 Statement Date: July 31, 2021 Ending Balance withdrawals and Beginning Deposits and Credits Debits Balance July 1, 2021 $7,350 Deposits and Credits July 31, 2021 $ 5,010 Daily Balance Total NO. Total NO. $ 7,943 3 $5,603 Withdrawals and Debits 7 Amount Amount Date Amount Desc. Date No. Desc. Date $6,830 7,890 6,000 5,670 5,440 5,010 4,967 $5,010 7/10 7/22 7/31 $2,490 3,070 7/2 7/10 7/14 7/18 7/22 7/26 7/30 7/2 7/10 7/14 7/18 7/22 7/26 7/30 530 $ 1,430 1,890 520 DEP H 531 DEP H 43 532 HK INT 330 NSF 533 3,300 H 430 EFT 43 SF 7/31 $5,603 $7,943 INT Interest Desc. DEP Customer deposit SF Service fees earned NSF Nonsufficient CHK Customer NOTE Note collected check funds EFT Electronic funds transfer 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. View transaction list Journal entry worksheet 1 2 Record the entries that increase cash Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry View general journal Clear entry Journal entry worksheet 1 2 Record the entries that decrease cash Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry View general journal Clear entry