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 July 1, 2018 Cash Balance July 31, 2018 + Deposits Checks $9,580 $6,160 $7.230 $8,510 Checks Deposits Desc Amount Date No. Date Desc Amount 7/9 7/21 7/31 Sales $2,590 Sales 3,170 Sales 2,750 777 531 7/12 532 7/19 533 7/22 534 7/30 535 Rent Salaries Equipment Utilities Advertising $1,530 1,990 3,800 930 1,330 $9,580 $ 8,510 P.O. Box 123878 Gotebo, OK 73041 (580) 377-OKIE FIDELITY UNION You Can Bank On Us Member FDIC Account Holder: Account Number: 2252790471 Glover Incorporated 519 Main Street Gotebo, OK 73041 Statement Date: July 31, 2018 Withdrawals and Debits Beginning Balance Deposits and Credits Ending Balance No. Total No. Total July 1, 2018 July 31, 2018 3 $ 5,813 7 $ 7,850 $ 9,253 $ 4,410 Withdrawals and Debits Daily Balance Deposits and Credits Amount Desc Date Amount No. Desc. Date Amount Date 7/10 7/22 7/31 $ 2,590 3,170 53 DEP DEP INT 7/2 7/10 7/14 7/18 530 531 532 $ 620 1,530 1,990 430 CHK CHK CHK NSF CU 7/2 7/10 7/14 7/18 $ 7,230 8,290 6,300 5,870 AAN Ann non CO Chec 7/22 7/31 3,170 53 DEP INT 531 532 7/10 7/14 7/18 7/22 7/26 7/30 533 1,530 CHK 7/10 1.990 CHK 7/14 430 NSF 7/18 4,100 CHK 7/22 530 EFT 7/26 53 SF 7/30 8,290 6,300 5,870 4,940 4,410 4,357 $ 5,813 $ 9,253 7/31 $ 4,410 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned SF Service fees CHK Customer check 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, 2018. b. Check #533 is correctly processed by the bank. c. The EFT on July 26 relates to the purchase of office supplies