4. prepare th bank reconciliation and record cash adjustments

Note: Enter debits before credits. Prepare a bank reconcillation for Oscar's checking account on February 28, 2024. (Amounts to be deducted should indicated with a minus sign.) 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 $13,145 : b. Cash receipts of $1,600 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 $200 that did not clear the bank (NSF check). e. Check 323 was writtep for $2,800 for advertising in February. The bank properly recorded the check for this amount. f. An EFT withdrawal for Oscar's February rent was made on February 4 for $1,100. 9. Debit card transactions include $4,700 for legal fees expense and $400 for entertainment expense. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $6,000 from Oscar. On February 24 . Titanic paid $6,270 (\$6,000 borrowed amount plus $270 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. Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2024. 2. Record the necessary cash adjustments. Record the amounts that increase cash. Enter debits before credits. Record the amounts that decrease cash. Note: Enter debits before credits. Record entry Clear entry View general journal Problem 4-2A (Algo) Prepare the bank reconciliation and record cash adjustments (LO4-5) Wilbur's Red Carpet Store maintains a checking account with Academy Bank. Wilbur'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 28,2024 Information from February's bank statement and company records reveals the following additional information: Record the amounts that decrease cash. Note: Enter debits before credits. 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 $8,990. b. Cash receipts of $1,000 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 $400 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 EFT withdrawal for Wilbur's February rent was made on February 4 for $1,200 9. Debit card transactions include $4,820 for legal fees expense and $550 for entertainment expense. h. In January, one of Wilbur's suppliers, Titanic Fabrics, bortowed $4,800 from Wilbur. On February 24 , Titanic paid $5,000 ( $4,800 borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing. 1. Academy Bank charged service fees of $140 to Wilbur's for the month. Required: 1. Prepare a bank reconciliation for Wilbur's checking account on February 28, 2024. 2. Record the necessary cash adjustments. Problem 4-2A (Static) Prepare the bank reconciliation and record cash adjustments (LO4-5) 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, 2024. Information from February's bank statement and company records reveals the following additional information