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Saved 4 Homework (Algo) i You received partial credit in the pr JUNICHII TOU I I 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 Cash Cash Balance Balance July 1, Cash Cash July 31, 2021 + Receipts Disbursements 2021 $6, 950 $8, 300 009 8$ $6, 650 Cash Receipts Cash Disbursements Date Desc. Amount Date Check# Desc. Amount 7/9 Sales $2, 520 7/7 531 Rent $1, 460 7/21 Sales 3, 100 7/12 532 Salaries 1, 920 7/31 Sales 2, 680 7/19 533 Equipment , 100 7/22 534 Utilities 860 7/30 535 Advertising 1, 260 $8, 300 $8, 606 P.O. Box 123878 FIDELITY UNION Member FDIC Gotebo, OK 73041 You Can Bank On Us 3IXO-LLE (085) Account Holder: Glover Incorporated Account Number: 2252790471 519 Main Street Gotebo, OK 73041 Statement Date: July 31, 2021 Withdrawals and Beginning Balance Deposits and Credits Debits Ending Balance July 1, 2021 NO . Total NO. Total July 31, 2021 $7,500 $5, 666 $ 8,396 $ 4, 770 Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc. Date No. Amount Desc. Date Amount 7/10 $2,520 DEP 7/2 530 6 550 CHK 7/2 $6, 950 7/22 3,100 DEP 7/10 531 1, 460 CHK 7/10 8, 010 7/31 46 INT 7/14 532 1,920 CHK 7/14 5, 090 7/18 360 NSF 7/18 5, 730 7/22 533 3, 60 CHK 7/22 5, 230 7/26 460 EFT 7/26 4, 770 7/30 46 SE 7/30 4, 724 7/31 $4, 770 $5, 666 $8, 396 Desc. DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer 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. . Check #533 is correctly processed by the bank c. The EFT on July 26 relates to the purchase of office supplies. Problem 4-3B Part 1 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 some 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 4,770 Per general ledger Deposits outstanding Interest earned Checks outstanding Company error NSF check Office supplies Service fees Bank balance per reconciliation Company balance per reconciliation Prev 2 of 6 NextYou received Account Holder: Glover Incorporated Account Number : 2252790471 519 Main Street Gotebo, OK 73041 Statement Date: July 31, 2021 Withdrawals and Beginning Balance Deposits and Credits Debits Ending Balance July 1, 2021 NO. Total NO Total July 31, 2021 $7, 500 $5, 666 $ 8, 396 $ 4, 770 Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc . Date No. Amount Desc. Date Amount 7/10 $2, 520 DEP 7/2 530 $ 550 CHK 7/2 $6, 950 7/22 3, 100 DEP 7/10 531 1, 460 CHK 7/10 8, 010 7/31 46 INT 7/14 532 1,920 CHK 7/14 6, 090 7/18 36 NSF 7/18 5, 730 7/22 533 3, 600 CHK 7/22 5, 230 7/26 460 EFT 7/26 4, 770 7/30 46 SE 7/30 4, 724 7/31 $4, 770 $5, 666 $8, 396 Desc. DEP Customer deposit NOTE Note collected INT Interest earned SF Service fees EFT Electronic funds CHK Customer check NSF Nonsufficient funds transfer 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. Check #533 is correctly processed by the bank. c. The EFT on July 26 relates to the purchase of office supplies. Problem 4-3B Part 2 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entries that increase cash, Note: Enter debits before credits, Transaction General Journal Cash Debit Credit Record entry Clear entry View general journalSaved Algo) i You received partia Account Holder : Glover Incorporated Account Number : 2252790471 519 Main Street Gotebo, OK 73041 Statement Date: July 31, 2021 Withdrawals and Beginning Balance Deposits and Credits Debits Ending Balance July 1, 2021 NO Total NO. Total July 31, 2021 $7, 500 $5, 666 $ 8, 396 $ 4, 770 Deposits and Credits Withdrawals and Debits Daily Balance Date Amount Desc . Date No. Amount Desc. Date Amount 7/10 $2, 520 DEP 7/2 530 $ 550 CHK 7/2 $6, 950 7/22 3, 100 DEP 7/10 531 1, 460 CHK 7/10 8, 010 7/31 46 INT 7/14 532 1, 920 CHK 7/14 6, 090 7/18 360 NSF 7/18 5, 730 7/22 533 3, 600 CHK 7/22 5 , 230 7/26 460 EFT 7/26 4, 770 7/30 46 SF 7/30 4, 724 7/31 $4, 778 $5, 666 $8, 396 Desc. DEP Customer deposit NOTE Note collected INT Interest earned SF Service fees EFT Electronic funds CHK Customer check NSF Nonsufficient funds transfer 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. blem 4-3B Part 2 Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the account field.) View transaction list Journal entry worksheet