The cash records and bank statement for the month of July for Glover Incorporated are shown below.
Additional information:

1. The difference in the beginning balances in the companys records and the bank statement relates to check #530, which is outstanding as of June 30, 2021.

2. Check #533 is correctly processed by the bank.

3. The EFT on July 26 relates to the purchase of office supplies.

   Record the necessary cash adjustments.

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 1, Cash 2021 Receipts $6,910 $8,270 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Cash Balance July 31, 2021 $6, 720 Amount $2,510 3,090 2,670 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $8,460 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,450 1,910 3,000 850 1,250 $8,460 $8,270 Member FDIC 2252790471 July 31, 2021 P.O. 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 $ 7,450 3 $5,645 7 $ 8,045 Deposits and Credits Withdrawals and Debits Date Amount Date No. Amount Dese. 7/10 $2,510 DEP 7/2 530 $ 540 CHK 7/22 3,090 DEP 7/10 531 1,450 7/31 45 INT 7/14 532 1,910 CHK 7/18 350 NSP 7/22 533 3,300 CHK 7/26 450 BET 7/30 45 SE Dese. Ending Balance July 31, 2021 $ 5,050 Daily Balance Date Amount 7/2 $6,910 7/10 7,970 7/14 6,060 7/18 5,710 7/22 5,500 7/26 5,050 7/30 5,005 7/31 $5,050 $5,645 $8,045 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: 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 1533 is correctly processed by the bank. c. The EFT on July 26 relates to the purchase of office supplies. 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet