Question

The cash records and bank statement for the month of July for Glover Incorporated are shown below.


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, 2015.
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, 2015.
2. Record the necessary cashadjustments.


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  • CreatedJuly 15, 2014
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