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, 2021, to July 31, 2021 Cash Balance Cash Balance July 1, Cash 2021 +Receipts Cash Disbursements July 31, 2021 $7,150 $8,450 Cash Receipts $9,300 Cash Disbursements $6,300 Date Desc. 7/9 Sales 7/21 Sales Amount Date Check# Desc. Amount $2,570 7/7 531 Rent $1,510 3,150 7/12 532 Salaries 1,970 7/31 Sales 2,730 7/19 533 Equipment 3,600 7/22 534 Utilities 910 7/30 535 Advertising 1,310 $8,450 $9,300 P.O. Box 123878 Gotebo, OK 73041 (580) 377-OKIE Account Holder: FIDELITY UNION You Can Bank On Us Glover Incorporated Member FDIC Account Number: 2252790471 519 Main Street Gotebo, OK 73041 Statement Date: July 31, 2021 Beginning Balance Withdrawals and Ending Deposits and Credits Debits Balance July 1, 2021 $7,750 NO. 3 Deposits and Credits Total Total $5,771 7 $ 9,051 Withdrawals and Debits NO. July 31, 2021 $ 4,470 Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 7/10 $2,570 DEP 7/2 530 $ 600 CHK 7/2 $7,150 7/22 3,150 DEP 7/10 531 1,510 CHK 7/10 8,210 7/31 51 INT 7/14 532 1,970 CHK 7/14 6,240 7/18 410 NSF 7/18 5,830 7/22 533 4,000 CHK 7/22 4,980 7/26 510 EFT 7/26 4,470 7/30 51 SF 7/30 4,419 7/31 $4,470 $5,771 $9,051 Desc. DEP Customer deposit NOTE Note collected EFT Electronic 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.