The cash records and bank statement for the month of July for Glover Incorporated are shown below. Cash Balance July 31, 2021 $6,020 GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 1, Cash Cash 2021 + Receipts Disbursements $7,310 $8,570 $9,860 Cash Receipts Cash Disbursements Date Dese. Amount Date Check Dese. 779 Sales $2,610 17/7 531 Rent 7/21 Sales 3,190 7/12 532 Salaries 7/31 Sales 2,770 7/19 533 Equipment 7/22 534 Utilities 7/30 535 Advertising $8,570 Amount $1,550 2,010 4,000 950 1,350 $9,860 Member FDIC 2252790471 2.0. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (580) 377-OKIE 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 NO. Total NO. Total $7,950 3 $5,855 7 $ 9, 755 Deposits and Credits Withdrawals and Debits Date Amount Dese. Date No. Amount Desc. 7/10 $2,610 DEP 7/2 530 $ 640 CHK 7/22 3,190 DEP 7/10 531 1,550 CHK 7/31 55 INT 7/14 532 2,010 CHK 7/18 450 NSF 7/22 533 4,500 CHK 7/26 550 EFT 7/30 55 SE July 31, 2021 Ending Balance July 31, 2021 $ 4,050 Daily Balance Date Amount 7/2 $7,310 7/10 8,370 7/14 6,360 7/18 5,910 7/22 4,600 7/26 4,050 7/30 3,995 7/31 $4,050 $5,855 $9,755 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 dedu 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 $ 4,050 Per general ledger Service fees Bank balance per reconciliation Company balance per reconciliation Journai entry worksheet Record the entries that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet