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 57,390 58,630 Cash Receipts Date Desc 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $5,888 Amount $2,630 3,210 2,790 Date 7/2 7/12 7/19 7/22 7/30 Cash Disbursements $10,140 Cash Disbursements Check Desc 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising Amount $ 1.570 2,03e 4,200 970 1,370 $10,140 535 $8,630 Member Forc P.O. Box 123875 FIDELITY UNION Gotebo, OK 73041 You coe Banho (580) 377-OKTE Account Holder: Glover Incorporated Account Number 519 Main Street Gotebo, OK 7341 Statement Date: Beginning Balance Deposits and Credits July 1, 2021 Withdrawals and Debits NO Total NO $8,ese Total 3 55,897 Deposits and Credits withdrawals and Debits Amount Desc Date No. Amount Desc 7/10 $2,630 DEP 7/2 7/22 530 $ 662 CHE 3,210 DEP 7/10 1,50 CHE 7/31 57 INT 7/14 532 2.ee ORK 7/18 NSF 7/22 533 4,600 CHK 7/26 570 EFT 7/30 57 SF 55,897 7252790471 July 31, 2021 Ending Balance July 31, 2021 $ 3,990 Daily Balance Date 772 $7,390 7/10 8,450 7/14 6,420 5,950 7/22 7/26 3,990 7/30 3,933 7/31 $3.990 Ancent 7/18 Chec 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 Required: 1. Prepare a bank reconciliation for Glover's checking account on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) GLOVER INCORPORATED Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Deposits outstanding Company error Checks outstanding (2340) Interesteamed NSF check Service fees Office Supplies 57 Bank balance per reconciliation Company balance per reconciliation