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

Prepare a bank reconciliation for Glovers checking account on July 31, 2021.

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 NO. 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 Dator withdrawals and Beginning Balance Deposits and Credits Dobito July 1, 2021 NO. Total Total $ 7,450 3 $5,645 7 $ 8,045 Deposits and Credits withdrawals and Debito Date Amount DOS. Date No. Amount Desd. 7/10 $2,510 DEP 7/2 530 $ 540 CHK 7/22 3,090 DEP 1.450 7/31 45 INT 7/14 532 1,910 CHK 7/18 350 NSE 7/22 533 3,300 CHK 7/26 450 7/30 45 SF 7/10 531 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 SF Service fees 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