Blaines

Blaine's Red Carpet Store maintains a checking account with Academy BankBlaine's sells carpet each day but makes bank deposits only once per weekThe following provides information from the company's cash ledger for the month ending... Required : Prepare a bank reconciliation for Blaine's checking account on February 28 2024 Record the necessary cash adjustments

Required: 1. Prepare a bank reconciliation for Blaine's checking account on February 28, 2024. 2. Record the necessary cash adjustments. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for Blaine's checking account on February 28, 2024. (Amounts to be deducted should be Indicated with a minus sign.) Blaine's Red Carpet Store maintains a checking account with Academy Bank. Blaine'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: a. The ending cash balance recorded in the bank statement is $11,300. b. Cash receipts of $1,400 from 2/262/28 are outstanding c. Checks 325 and 327 are outstanding. d. The deposit on 2 ill includes a customer's check for $350 that did not clear the bank (NSF check). e. Check 323 was written for $2,800 for advervising in february, The bank properly recorded the check for this amount. 1 An EFT withdrawal for Blaine's February rent was made on February 4 -for $1,200 9 Debit card transactions include $4,770 for legal fees expense and $450 for entertainment expense. h. In January, one of Blaine's suppliers. Titanic Fabrics, borrowed $5,600 from Blaine, On February 24, Trtanic paid $5,800 (\$5,600 borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing 1. Academy Bank charged service fees of $180 to Blaine's for the month. Required: 1. Prepare a bank reconciliation for Blaine's checking account on February 28, 2024. 2. Record the necessary cash adjustments. Answer is not complete. Complete this question by entering your answers in the tabs below. Record the necessary cashi adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)