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 Cam Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,650 Cash Balance July 1, Cash 2021 + Receipt $6,950 $8,300 Cash Receipts Date Desc. 7/9 Sales Sales 7/31 Sales Amount $2,520 3,100 2.680 7/21 Canh Disbursements $8,600 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Date 7/7 7/12 7/19 7/22 7/30 Amount $1,460 1.920 3,100 860 1.260 $8,600 $8,300 Member FDIC 2252790471 July 31, 2021 NO. P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On (SBD) 177-OKIE Account Holders Glover Incorporated Account Number 519 Main Street Gotebo, OK 73041 Statement Date Withyerawals and Beginning Balance Deposits and Credits Debits July 1, 2021 Total NO. Total $7,500 3 $5,666 7 5.3396 Deposits and Credits withdrawals and Debita Date Amount Desc. Date NO. Amount Desc 7/10 $2,520 7/2 530 $ 550 CHK 7/22 3, 100 DEP 7/10 531 1,460 CHE 7/31 46 INT 7/14 532 1,920 CHK 7/18 360 NSF 7/22 533 3.600 CRK 7/26 460 EFT 7/30 SF DEP Ending Balance July 31, 2021 $4,770 Daily Balance Date Anount $6,950 7/10 8,010 7/14 6,090 7/18 5,730 7/22 5,230 7/26 4,770 7/30 4,724 7/2 Member YDYC 2252790471 July 31, 2021 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (580) 3734OKIE Account Holder: Glover Incorporated Account Numbert 519 Main Street Gotebo, OK 73041 Statement Datet Withdrawals and Beginning Balance Deposits and Credits Debits July 1, 2021 NO. Total NO. Total $7,500 3 $5,666 7 5 8.396 Deposits and Credits withdrawals and Debits Date Amount Desc. Date No. Amount Dese, 7/10 $2,520 DEP 530 $ 550 CHK 7/22 3,100 DEP 7/10 531 1,460 CHK 7/31 46 INT 7/14 532 1.920 7/18 360 NSE 7/22 533 3,600 CHK 7/26 460 EFT 7/30 46 SP 7/2 7/2 Ending Balance July 31, 2021 $ 4,770 Daily Balance Date Amount $6,950 7/10 8,010 7/14 6,090 7/18 5,730 7/22 5,230 7/26 4,770 7/30 4,724 7/31 $4,770 CHK $5,666 $8,396 Desc. DEP Customer deposit NOTE Note collected EPT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSP 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. 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) first account field.) View transaction list Journal entry worksheet Record the entries that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal