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 Cash Account Records July 1, 2018, to July 31, 2018 Cash Balance Cash Balance July 1, 2018 + Deposits Checks = July 31, 2018 $6,990 $8,330 $8,740 $6,580 Deposits Checks Date Desc. Amount Date No. Desc. Amount I 7/9 Sales $2,530 7/7 531 Rent $1,470 7/21 Sales 3,110 7/12 532 Salaries 1,930 7/31 Sales 2,690 7/19 533 7/22 534 7/30 535 Equipment Utilities 3,200 870 Advertising 1,270 $8,330 $8,740 P.O. Box 123878 Gotebo, OK 73041 (580) 377-OKIE Account Holder: Saved FIDELITY UNION You Can Bank On Us Account Number: Member FDIC Glover Incorporated 2252790471 519 Main Street Gotebo, OK 73041 Statement Date: July 31, 2018 Beginning Balance Deposits and Credits Withdrawals and Debits Ending Balance July 1, 2018 No. Total No. Total July 31, 2018 $ 7,550 Deposits and Credits 3 $ 5,687 7 $ 8,447 $ 4,790 Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 7/10 $2,530 DEP 7/2 530 $ 560 CHK 7/2 $6,990 7/22 3,110 DEP 7/10 531 1,470 CHK 7/10 8,050 7/31 47 INT 7/14 532 1,930 CHK 7/14 6,120 7/18 370 NSF 7/18 5,750 7/22 533 3,600 CHK 7/22 5,260 7/26 470 EFT 7/26 4,790 7/30 47 SF 7/30 4,743 + C 207 80487 9 < Prev 12 of 12 7124 41700 Next Saved Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer Additional information: INT Interest earned SF Service fees CHK Customer check NSF Nonsufficient funds a. The difference in the beginning balances in the company's records and the bank statement relates to check #5: which is outstanding as of June 30, 2018. 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 req first account field.) View transaction list Journal entry worksheet 2 Record the entries that increase cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit < Prev 12 62 of 12 Next > MacBook Pro