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2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select No Journal Entry Required first account field. Total entries to

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2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" first account field. Total entries to the same account together when entering in the journal entry worksheet.) 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. 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 $11,770. b. Cash receipts of $1,500 from 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $450 that did not clear the bank (NSF check). e. Check 323 was written for $2,800 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 $1,300. 9. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for Februarv is $190 a. The ending cash balance recorded in the bank statement is $11,770. b. Cash recelpts of $1,500 from 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $450 that did not clear the bank (NSF check). e. Check 323 was written for $2,800 for advertising in February. The bank properly recorded the check for this amount. t. An automate withdrawal for Oscar's February rent was made on February 4 for $1,300. 9. Oscar's checking account earns interest based on the average dally balance. The amount of interest earned for February is $190 h. In Januory, one of Oscar's suppliers, Titanic Fabries, borrowed $5,800 from Oscac. On February 24, Titanic paid $5,950 (\$5,800 borrowed amount plus $150 interest) directly to Academy Bank in paymient for January's borrowing. i. Academy Bank charged service fees of $120 to Oscar's for the month

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