Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 1, 2021 $7,350 Cash Balance Cash Receipts $8,600 Cash Receipts Desc. Sales Sales Sales Cash Disbursements $10,000 Cash Disbursements Checks 531 532 533 534 535 July 31, 2021 $5,950 Date 7/9 7/21 7/31 Amount $2,620 3, 200 2,780 Date 7/7 7/12 7/19 7/22 7/30 Desc. Rent Salaries Equipment Utilities Advertising Amount $ 1,560 2,020 4,100 960 1,360 $10,eee $8,600 P.0. Box 123878 Gotebo, OK 73041 (580) 377-0KIE Account Holder: FIDELITY UNION You Can Bank On Us Member FDIC Glover Incorporated 519 Main Street Gotebo, OK 73041 Account Number: 2252790471 Statement Date: Withdrawals and Debits Total $ 9,706 July 31, 2021 Beginning Balance July 1, 2021 $8,000 Deposits and Credits Date 7/10 7/22 7/31 Deposits and Credits Total $5,876 Ending Balance July 31, 2021 $ 4,170 Daily Balance Amour $7,35 8,41 6,39 5,930 4,73 4,176 4,11 $4,176 NO. NO. Withdrawals and Debits Amount $ 650 1,560 2,020 460 4,400 560 56 Amount $2,620 3,200 Desc. DEP DEP INT Date 7/2 7/10 7/14 7/18 7/22 7/26 7/30 No. 530 531 532 Desc. CHK CHK CHK NSF CHK EFT SF Date 7/2 7/10 7/14 7/18 7/22 26ור 7/30 56 533 $5,876 7/31 $9,706 quired: repare a bank reconciliation for Glover's checking account on July 31, 2021. (Amounts to be deducted shoulc us sign. Total entries to the same account together when entering in the bank reconciliation.) GLOVER INCORPORATED Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance bank statement Per general ledoer
Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 1, 2021 $7,350 Cash Balance Cash Receipts $8,600 Cash Receipts Desc. Sales Sales Sales Cash Disbursements $10,000 Cash Disbursements Checks 531 532 533 534 535 July 31, 2021 $5,950 Date 7/9 7/21 7/31 Amount $2,620 3, 200 2,780 Date 7/7 7/12 7/19 7/22 7/30 Desc. Rent Salaries Equipment Utilities Advertising Amount $ 1,560 2,020 4,100 960 1,360 $10,eee $8,600 P.0. Box 123878 Gotebo, OK 73041 (580) 377-0KIE Account Holder: FIDELITY UNION You Can Bank On Us Member FDIC Glover Incorporated 519 Main Street Gotebo, OK 73041 Account Number: 2252790471 Statement Date: Withdrawals and Debits Total $ 9,706 July 31, 2021 Beginning Balance July 1, 2021 $8,000 Deposits and Credits Date 7/10 7/22 7/31 Deposits and Credits Total $5,876 Ending Balance July 31, 2021 $ 4,170 Daily Balance Amour $7,35 8,41 6,39 5,930 4,73 4,176 4,11 $4,176 NO. NO. Withdrawals and Debits Amount $ 650 1,560 2,020 460 4,400 560 56 Amount $2,620 3,200 Desc. DEP DEP INT Date 7/2 7/10 7/14 7/18 7/22 7/26 7/30 No. 530 531 532 Desc. CHK CHK CHK NSF CHK EFT SF Date 7/2 7/10 7/14 7/18 7/22 26ור 7/30 56 533 $5,876 7/31 $9,706 quired: repare a bank reconciliation for Glover's checking account on July 31, 2021. (Amounts to be deducted shoulc us sign. Total entries to the same account together when entering in the bank reconciliation.) GLOVER INCORPORATED Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance bank statement Per general ledoer
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section: Chapter Questions
Problem 5AP
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