[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. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $7,070 Cash Balance July 1, Cash 2021 Rocoipto $6,710 $9,120 Cash Receipts Date Desc. 7/9 Salen 7/21 Sales 7/31 Sales Amount $2,460 3,040 2,620 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $7,760 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 equipment 534 Utilities 535 Advertising Amount $1,400 1.860 2,500 800 1,200 $7,760 $8,120 FIDELITY UNION You Can Bank On Vo Member FDIG 2.0. Box 123878 Gotebo, OK 73041 (50) 377 -OKIE Account Holders Account Number: 2252790471 Glover Incorporated 519 Main Street Gotebo, OK 73041 July 31, 2021 Beginning Balance July 1, 2021 $7.200 Deposits and Credits NO. Total 3 $5,540 Statement Dates withdrawals and Debito NO. Total 7 $.7.490 Ending Balance July 31, 2021 $ 5,250 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