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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,

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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 July 31, 2021 $6,020 - Cash Balance July 1, Cash 2021 + Receipts $7,310 $8,570 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,610 3, 190 2, 770 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,860 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,550 2,010 4,000 950 1,350 $9,860 $8,570 Member FDIC 2252790471 July 31, 2021 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (580) 377 ORIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Withdrawals and Beginning Balance Deposits and Credits Debita July 1, 2021 NO. Total NO. Total $7, 9503 $5,8557 9 ,755 Deposits and Credits Withdrawals and Debica Date Amount D esc. Date No. Amount Dese. 7/10 $2,610 DEP 530 7/22 3,190 DEP CHK 7/31 INT Ending Balance July 31, 2021 $ 4,050 Daily Balance Date Amount 7/2 $7,310 7/10 8,370 7/14 6, 360 7/1 5, 910 7/22 4,600 7/26 4,050 7/30 3,995 7/31 $4,050 7/22 $5,855 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SP Service fees NSF Nonsufficient funds Additional information: 55 INT 1/14 7/18 7/22 7/26 7/30 2,010 450 1,500 550 CHK NSE CHK EFT 1/14 7/18 7/22 7/26 7/30 7/31 6,960 5, 910 4,600 1,050 3,995 $4,050 $5,855 $9,755 Desc. DEP Customer deposit NOTE Note collected EIT Electronic funds transfer INT Interest earned CHK Customer check SP Service feea NSP 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 Bank balance per reconciliation Company balance per reconciliation

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