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Required information [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 July 1, July 31, $7,150 Cash Balance 2021 $6,300 Cash Balance Cash 2021 Receipts $8.450 Cash Receipts Date Dese. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,570 3,150 2,730 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,300 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,510 1,970 3,600 910 1,310 $9,300 $8,450 2.0. Box 123878 Gotebo, OK 73041 (580) 377-OXIE Account Holder FIDELITY UNION You Can Bank On Us Member FDIC Account Number 2252790471 Glover Incorporated 519 Main Street Gotebo, OK 73041 Deposits and Credits an TA July 31, 2021 Beginning Balance 11 21 statement Date: withdrawals and Debits Inding Balance Tu 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 $7,750 3 $5,771 7 $ 9,051 Deposits and Credits Withdrawals and Debits Date Amount Dec. Date No. Amount Desc. 7/10 $2,570 DEP 7/2 530 $ 600 CHK 7/22 3,150 DEP 7/10 531 1,510 CHK 7/31 51 INT 7/14 532 1,970 CHK 7/18 410 NSF 7/22 533 4,000 CHK 7/26 510 EFT 7/30 51 SE Ending Balance July 31, 2021 $ 4,470 Daily Balance Date Amount 7/2 $ 7,150 7/10 8,210 7/14 6,240 7/18 5,830 7/22 4,980 7/26 4,470 7/30 4,419 7/31 $4,470 $5,771 $9,05 Dese. DEP Customer deposit NOTE Note collected EPT Electronie funds transfer INT Interest earned CHK Customer check SY Service fees NSY Nonsufficient funda 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

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