a. The ending cash balance recorded in the bank statement is $11.645 b. Cash receipts of $1,300 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 $250 that did not clear the bank (NSF check) . Check 323 was written for $2.800 for advertising in February. The bank properly recorded the check for this amount An automatic withdrawal for Oscar's February rent was made on February 4 for $100 g Oscar's checking account eams interest based on the average daily balance. The amount of interest earned for February is $170 f. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $5,400 from Oscar On February 24. Thanic paid $5,650 $5,400 borrowed amount plus $250 interes directly to Academy Bank in payment for January's borrowing Academy Bonk charged service fees of $125 to Oscar's for the month 1. Voice 10.00 points Required information Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus sign.) OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance Perbank statement S 11 645 per general ledger Deposits outstanding 1.300 NSF check Checks outstanding Company error EFT for rent Interest on account Note collected 1250 Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be inc OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance Per bank statement $ 11,645 Per general ledger Deposits outstanding 1,300 NSF check Checks outstanding Company error EFT for rent Interest on account Note collected Interest on note Service fees (250) Bank balance per reconciliation Company balance per reconciliation References eBook & Resources a. The ending cash balance recorded in the bank statement is $11.645 b. Cash receipts of $1,300 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 $250 that did not clear the bank (NSF check) . Check 323 was written for $2.800 for advertising in February. The bank properly recorded the check for this amount An automatic withdrawal for Oscar's February rent was made on February 4 for $100 g Oscar's checking account eams interest based on the average daily balance. The amount of interest earned for February is $170 f. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $5,400 from Oscar On February 24. Thanic paid $5,650 $5,400 borrowed amount plus $250 interes directly to Academy Bank in payment for January's borrowing Academy Bonk charged service fees of $125 to Oscar's for the month 1. Voice 10.00 points Required information Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus sign.) OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance Perbank statement S 11 645 per general ledger Deposits outstanding 1.300 NSF check Checks outstanding Company error EFT for rent Interest on account Note collected 1250 Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be inc OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance Per bank statement $ 11,645 Per general ledger Deposits outstanding 1,300 NSF check Checks outstanding Company error EFT for rent Interest on account Note collected Interest on note Service fees (250) Bank balance per reconciliation Company balance per reconciliation References eBook & Resources
