[The following information applies to the questions displayed below.] The cash records and bank statement for the month of July for Glover Incorporated are shown below. Cash Cash Balance July 1, + Receipts $8,270 Cash Receipts GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Disbursements Cash Balance. Cash Disbursements July 31, 2021 $6,720 Amount $1,450 1,910 3,000 850. 2021 $6,910 $8,460 Date Desc. Amount Date Check Desc. 7/9 Sales $2,510 7/7 531 Rent 7/21 Sales 3,090 7/12 532 Salaries 7/31 Sales 2,670 7/19 533 Equipment 7/22 534 Utilities 7/30 535 Advertising 1,250 $8,270 $8,460 Member FDTC $7,450 P.O. Box 123878 Gotebo, OK 73041 (580) 377-OKIE Account Holder: Beginning Balance. July 1, 2021 Glover Incorporated 519 Main Street Gotebo, OK 73041 FIDELITY UNION You Can Bank On Us Deposits and Credits NO. 3 Account Number: Withdrawals and Debits 2252790471 July 31, 2021 Ending Balance July 31, 2021 $ 5,050 Member FDIC Statement Date: Total $5,645 NO. Total 7 $8,045 Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 7/10 $2,510 DEP 7/2 530 $ 540 CHK 7/2 $6,910 7/22 3,090 DEP 7/10 531 1,450 CHK 7/10 7,970 7/31 45 INT 7/14 532 1,910 CHK 7/14 6,060 7/18 350 NSF 7/18 5,710 7/22 533 3,300 CHK 7/22 5,500 7/26 450 EFT 7/26 5,050 7/30 45 SF 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 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. " Iournal Entry Ranuired" in the 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 1 2 Record the entries that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the irst account field.) View transaction list Journal entry worksheet < 1 2 Record the entries that decrease cash. Note: Enter debits before credits. Transaction: 2 General Journal Debit Credit Record entry Clear entry View general journal