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. Cash Balance July 31, 2021 $5,950 GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 1, Cash Cash 2021 Receipts Disbursements $7,350 $8,600 $10,000 Cash Receipts Cash Disbursements Date Desc. Amount Date Check Desc. 7/9 Sales $2,620 7/7 531 Rent 7/21 Sales 3,200 7/12 532 Salaries 7/31 Sales 2,780 7/19 533 Equipment 7/22 534 Utilities 535 Advertising $8,600 Amount $ 1,560 2,020 4,100 960 1,360 $10,000 7/30 Member FDIC 2252790471 July 31, 2021 . P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us ( 5 0 5 3 3 =0%IE 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 $8,000 3 $5,876 7 $ 9,706 Deposits and Credits Withdrawals and Debits Date Amount Desde Date No. Amount Desc 7/10 $2,620 DEP 7/2 530 $ 650 CHK 7/22 3,200 DEP 531 1,560 CHX 7/31 56 INT 7/14 532 2,020 CHE 7/18 460 NSF 7/22 533 4,400 H 7/26 560 EFT 7/30 56 SE 7/10 Ending Balance July 31, 2021 $ 4,170 Daily Balance Date Amount 7/2 $7,350 7/10 8,410 7/14 6,390 7/18 5,930 7/22 4,230 7/26 4,170 7/30 4,114 7/31 $4,170 $5,876 $ $9,706 Desc. DEP Customer deposit NOTE Note collected EFT Electronie 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. 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.) View transaction list Journal entry worksheet 2 > Record the entries that increase cash. Note: Enter debits before credits. Debit Credit Transaction 1 General Journal Accounts Receivable Equipment 500 400 Record entry Clear entry View general journal 2 .... Views Journal entry worksheet