Question

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 $6,510 Cash Balance July 1, Cash 2021 + Receipts $7,030 $8,360 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $ 2,540 3,120 2,700 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $8,880 Cash Disbursements Check# Desc. Rent Salaries Equipment Utilities Advertising л л л wwwww WN л л Amount $ 1,480 1,940 3,300 880 1,280 $ 8,880 $8,360 Member FDIC 2252790471 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (588) 377-OKIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Beginning Balance Deposits and Credits Withdrawals and Debits July 1, 2021 NO. Total NO. Total $7,600 $5,708 7 $ 8,498 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Amount Desc. 7/10 $2,540 DEP 7/2 530 $ 570 CHK 7/22 3,120 DEP 7/10 531 1,480 CHK 7/31 48 INT 7/14 532 1,940 CHK 7/18 380 NSF 7/22 3,600 CHK 7/26 480 EFT 7/30 48 July 31, 2021 Ending Balance July 31, 2021 $ 4,810 Daily Balance Date Amount 7/2 $ 7,030 7/10 8,090 7/14 6,150 7/18 5,770 7/22 5,290 7/26 4,810 7/30 4,762 7/31 $ 4,810 $5,708 $8,498

Answer 1

1
General Journal	Debit	Credit
Cash	48
Interest revenue		48
2
General Journal	Debit	Credit
Accounts Receivable	380
Office Supplies	480
Service fee expense	48
Equipment	300
Cash		1208