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 $7,150 $8,450 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $6,300 Amount $ 2,570 3,150 2,730 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,300 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,510 1,970 3,600 910 1,319 $9,300 $ 8,450 Member FDIC 2252790471 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (588) 377-DKIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73841 Statement Date: Beginning Balance Deposits and Credits withdrawals and Debits July 1, 2021 NO. Total NO. Total $7,750 $5,771 7 59,051 Deposits and Credits Withdrawals and Debits Date Amount Desc Date No. Amount Desc. 7/10 69 70 DEP 7/2 KAA July 31, 2021 Ending Balance July 31, 2021 $ 4,470 Daily Balance Date Amount 7/2 67 150 C Prev 2 of 5 Next > o A 579 Member FDIC 2252798471 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (S80) 371 CHIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73841 Statement Date: Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 NO. Total NO. Total $7,750 3 $5,771 7 $ 9,051 Deposits and Credits withdrawals and Debits Date Amount Desc. Date No. Amount 7/10 Desc. $2,570 DEP 7/2 530 $ 600 CHK 7/22 3,150 DEP 7/10 531 1,510 CHK 7/31 51 INT 7/14 532 1,970 CHK 7/18 410 NSF 7/22 533 4,000 CHK 7/26 510 EFT 7/30 51 SF July 31, 2021 Ending Balance July 31, 2021 $ 4,470 Daily Balance Date Amount 7/2 $ 7,150 7/10 8,210 7/14 6,240 7/18 5,830 7/22 4,980 7/26 4,470 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 Prev 1 2 of 5 !!! Next > -arch O RI 1 5 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 $ 4,470 Per general ledger $ Checks outstanding Interest earned Deposits outstanding Company error 6,300 Bank balance per reconciliation Company balance per reconciliation Hayu urmation Journal entry worksheet