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 $6,020 - Cash Balance July 1, Cash 2021 + Receipts $7,310 $8,570 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,610 3, 190 2, 770 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,860 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $1,550 2,010 4,000 950 1,350 $9,860 $8,570 Member FDIC 2252790471 July 31, 2021 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You Can Bank On Us (580) 377 ORIE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73041 Statement Date: Withdrawals and Beginning Balance Deposits and Credits Debita July 1, 2021 NO. Total NO. Total $7, 9503 $5,8557 9 ,755 Deposits and Credits Withdrawals and Debica Date Amount D esc. Date No. Amount Dese. 7/10 $2,610 DEP 530 7/22 3,190 DEP CHK 7/31 INT Ending Balance July 31, 2021 $ 4,050 Daily Balance Date Amount 7/2 $7,310 7/10 8,370 7/14 6, 360 7/1 5, 910 7/22 4,600 7/26 4,050 7/30 3,995 7/31 $4,050 7/22 $5,855 Desc. DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SP Service fees NSF Nonsufficient funds Additional information:

Answer 1

PAGE No GLOVER INCORPORATET Baul Reconciliation - July 31, 2021 Baute's Cash Balaull Company's Cash Balance Per Baul statement tuoso Per General ledger 6020 Add cheque deponted mor! Add Duto camed entered in Baule $55 cbeard' (3107) 2770 Add Utilities enpeuses not eutered $ 400 Nonsep fund clasges I uso in Baule / $ 950 - $550] ] (18/07) Add Advertisement check not ro Equipment paid $1350 enees so (40-4ew) posesuited for payment (535) Service fee not recorded 55 3775 17825 in cash boole len Interest eamed not len Cleeles yet not cleared (31/7)(2770) recoveled in cash Ale B/c7) $ 55 Len Non Suf fund charges by Saule (450) Utilities reloaded (18/07) in Cash $400 enta 400 len Equipmeut eheele cleared (33) (520) $950 - 550 ] en Segrice changes by 1 (55) Adicetisiux chece nos cleared I Bauk Bank Balance per Reconciliation 1$ 6020