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

Additional information: 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. Check #533 is correctly processed by the bank. 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.)

Cash Balance July 31, 2021 $6,930 GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 1, Cash Cash 2021 + Receipts Disbursements $6,790 $8,180 $8,040 Cash Receipts Cash Disbursements Date Desc. Amount Date Check Desc. 7/9 Sales $2,480 7/7 531 Rent 7/21 Sales 3,060 7/12 532 Salaries 7/31 Sales 2,640 7/19 533 Equipment 7/22 534 Utilities 7/30 535 Advertising $8,180 Amount $1,420 1,880 2,700 820 1,220 $8,040 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 $7,300 3 $5,582 7 $ 7,592 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/10 $2,480 DEP 7/2 530 $ 510 CHK 7/22 3,060 DEP 7/10 531 1,420 CHK 7/31 42 INT 7/14 532 1,880 CHK 7/18 320 NSF 7/22 533 3,000 CHK 7/26 420 EFT 7/30 42 SF Ending Balance July 31, 2021 $ 5,290 Daily Balance Date Amount 7/2 $6,790 7/10 7,850 7/14 5,970 7/18 5,650 7/22 5,710 7/26 5,290 7/30 5,248 7/31 $5,290 $5,582 $ 7,592 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Journal entry worksheet 12 > Record the entries that increase cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal