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2 2 of 2 Required information The following information applies to the questions displayed below.) Oscar's Red Carpet Store maintains a checking account with Academy

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2 2 of 2 Required information The following information applies to the questions displayed below.) Oscar's Red Carpet Store maintains a checking account with Academy Bank, Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Deposits: Date Book 2/2 Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 1,900 Checks: 1,500 2.400 3,300 800 $ 9,900 Cash receipts: No. 321 322 323 324 325 326 327 2/8 2/12 2/19 2/27 2/28 2/28 Amount $3,900 550 1,700 1,400 350 850 1.100 $9,850 Print rences Balance on February 1 Receipts Disbursements Balance on February 28 $ 6,000 9,900 (9,850) $ 6.50 Information from February's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $9.095. b. Cash receipts of $800 from 2/26-2/28 are outstanding. c. Checks 325 and 327 are outstanding d. The deposit on 2/11 includes a customer's check for $350 that did not clear the bank (NSF check). e. Check 323 was written for $2.500 for advertising in February. The bank properly recorded the check for this amount f. An automatic withdrawal for Oscar's February rent was made on February 4 for $1.100, g. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $120. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,400 from Oscar On February 24, Titanic paid $4,650 ($4,400 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing 1. Academy Bank charged service fees of $125 to Oscar's for the month. ore the necessary cash adjustments (if no entry is required for a transaction/event, select "No Joum first account field. Total entries to the same account together when entering in the journal entry worksh View transaction list Book Journal entry worksheet 1 2 Print Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal View general journal

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