Please, help me answering this question parts! The following information applies

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Please, help me answering this question parts! 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 GLOVER INCORPORATED Cash Account Records July 1, 2018, to July 31, 2018 Cash Balance Deposits July 1, 2018 Cash Balance ChecksJuly 31, 2018 $7.230 $8,510 $9,580 $6,160 Deposits Checks Date Desc. Amount Date No. Desc Amount 7/9 7/21 7/31 Sales Sales Sales $2,590 3,170 2,750 7/7 531 Rent 7/12 532 Salaries 7/19 533 Equipment 7/22 534 Utilities 7/30 535 Advertising 1,530 1,990 3,800 930 1,330 $ 8,510 $9,580

Explanation / Answer

GLOVER INCORPORATED Bank Reconciliation July 31, 2018 Bank's Cash Balance Company's Cash Balance Before reconciliation 4410 Before reconciliation 6160 Checks outstanding -2260 Interest earned 53 Deposits outstanding 2750 EFT on office supplies -530 Service fees -53 NSF check -430 Company error -300 After reconciliation 4900 After reconciliation 4900 2 Entry to reconcile cash increases: Cash 53     Interest revenue 53 Entry to reconcile cash decreases: Service fee expense 53 Office supplies 530 Equipment 300 Accounts receivable 430      Cash 1313

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