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 $7,350 $8,600 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $5,950 Amount $2,620 3,200 2,780 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $10,000 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $ 1,560 2,020 4,100 960 1,360 $10,000 $8,600 Member FDIC 2252790471 July 31, 2021 NO. P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (588) 3770KIE 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 Total NO. Total $8,000 3 $5,876 7 $ 9,706 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date Amount Desc. 7/10 $2,620 DEP 7/2 530 $ 650 CHK 7/22 3,200 DEP 7/10 531 1,560 7/31 CHK 56 INT 7/14 532 2,020 CHK 7/18 460 NSF 7/22 533 4,400 CHK 7/26 560 EFT 7/30 56 SF $5,876 $9,706 No. Ending Balance July 31, 2021 $ 4,170 Daily Balance Date ount 7/2 $7,350 7/10 8,410 7/14 6,390 7/18 5,930 7/22 4,730 7/26 4,170 7/30 4,114 7/31 $4,170 Required: 1. Prepare a bank reconciliation for Glover's checking account on July 31, 2021. (Amounts to be deducted should be indicated 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 Bank balance per reconciliation Company balance per reconciliation