The cash records and bank statement for the month of July for Glover Incorporated are shown below.
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, 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, 2021.2. Record the necessary cash adjustments.
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Related Book For
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
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