Blaines Red Carpet Store maintains a checking account with Academy Bank Blaines sells carpet each day but makes bank deposits only once per week The following provides information from the companys cash ledger for the month ending February 28, 2024 Date Amount Number Date Amount Deposits 2 4 $2,350 Checks 323 2 12 $2,150 2 11 1,950 324 2 19 1,850 2 18 2,850 325 2 27 450 2 25 3,750 326 2 28 950 Cash receipts 2 26 2 28 1,250 327 2 28 1,550 $12,150 $6,950 Amount Balance on February 1 $6,450 Receipts 12,150 Disbursements (6,950) Balance on February 28 $11,650 Information from February's bank statement and company records reveals the following additional information The ending cash balance recorded in the bank statement is $10,275 Cash receipts of $1,250 from 2 262 28 are outstanding Checks 325 and 327 are outstanding The deposit on 2 11 includes a customer's check for $450 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 EFT withdrawal for Blaines February rent was made on February 4 for $1,200 Debit card transactions include $4,740 for legal fees expense and $420 for entertainment expense In January, one of Blaines suppliers, Titanic Fabrics, borrowed $5,300 from Blaine On February 24, Titanic paid $5,500 ($5,300 borrowed amount plus $200 interest) directly to Academy Bank in payment for Januarys borrowing Academy Bank charged service fees of $165 to Blaines for the month Required 1 Prepare a bank reconciliation for Blaines checking account on February 28, 2024 2 Record the necessary cash adjustments 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 Complete this question by entering your answers in the tabs below Record the necessary cash adjustments (If no entry is required for a transaction event, select No Journal Entry Required in the first account field ) Journal entry worksheet Record the amounts that increase cash Note Enter debits before credits

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Blaines Red Carpet Store maintains a checking account with Academy Bank. Blaines sells carpet each day but makes bank deposits only once per week. The

Blaines Red Carpet Store maintains a checking account with Academy Bank. Blaines sells carpet each day but makes bank deposits only once per week. The following provides information from the companys cash ledger for the month ending February 28, 2024.

	Date	Amount		Number	Date	Amount
Deposits:	2/4	$2,350	Checks:	323	2/12	$2,150
	2/11	1,950		324	2/19	1,850
	2/18	2,850		325	2/27	450
	2/25	3,750		326	2/28	950
Cash receipts:	2/26-2/28	1,250		327	2/28	1,550
		$12,150				$6,950

	Amount
Balance on February 1	$6,450
Receipts	12,150
Disbursements	(6,950)
Balance on February 28	$11,650

Information from February's bank statement and company records reveals the following additional information:

The ending cash balance recorded in the bank statement is $10,275.
Cash receipts of $1,250 from 2/262/28 are outstanding.
Checks 325 and 327 are outstanding.
The deposit on 2/11 includes a customer's check for $450 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 EFT withdrawal for Blaines February rent was made on February 4 for $1,200.
Debit card transactions include $4,740 for legal fees expense and $420 for entertainment expense.
In January, one of Blaines suppliers, Titanic Fabrics, borrowed $5,300 from Blaine. On February 24, Titanic paid $5,500 ($5,300 borrowed amount plus $200 interest) directly to Academy Bank in payment for Januarys borrowing.
Academy Bank charged service fees of $165 to Blaines for the month.

Required: 1. Prepare a bank reconciliation for Blaines checking account on February 28, 2024. 2. Record the necessary cash adjustments.

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 Complete this question by entering your answers in the tabs below. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits