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. Date Deposits: 2/4 Amount $2,200 Number Date Amount Checks: 323 2/12 $2,000 2/11 1,800 324 2/19 1,700 2/18 2,700 325 2/27 300 2/25 3,600 326 2/28 800 Cash 2/26- 1,100 327 2/28 1,400 receipts: 2/28 $11,400 $6,200 Amount Balance on February 1 $6,300 Receipts 11,400 Disbursements (6,200) Balance on February 28 $11,500 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 $9,690. b. Cash receipts of $1,100 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 $300 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 EFT withdrawal for Blaine's February rent was made on February 4 for $1,200. g. Debit card transactions include $4,710 for legal fees expense and $450 for entertainment expense. h. In January, one of Blaine's suppliers, Titanic Fabrics, borrowed $5,000 from Blaine. On February 24, Titanic paid $5,200 ($5,000 borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing. 1. Academy Bank charged service fees of $150 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. In January, one of Blaine's suppliers, Titanic Fabrics, borrowed $5,000 from Blaine. On February 24, Titanic pall borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing. Academy Bank charged service fees of $150 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for Blaine's checking account on February 28, 2024. (Amounts to be deducted should be indicated with a minus sign.) Per bank statement Bank's Cash Balance BLAINE'S RED CARPET STORE Bank Reconciliation February 28, 2024 Per general ledger Company's Cash Balance Bank balance per reconciliation. Company balance per reconciliation: < Prev 5 of 6 Next > 2 NTIND LACCT01 SEC 601 202 etheducation.com Required 1 Required 2 Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry accountfield.) View transaction Bat Journal entry worksheet Record the amounts that increase cash Transaction 1 General Jal DAR Credit S M 33 E D $ 4 381 Cleary 55 < Prev 66 MacBook Air it 27 R T Y U F G H J Next >> 80 X C V B N M > 9