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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

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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 cosh balance recorded in the bank statement is $8,785. b. Cash receipts of $950 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 $450 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 Blaine's February rent was made on February 4 for $1,100. 9. Debit card transactions include $4,830 for legal fees expense and $500 for entertainment expense. h. In January, one of Blaine's suppliers, Titanic Fabrics, borrowed $4,700 from Blaine. On February 24, Titanic paic $4,950 (\$4,700 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing 1. Academy Bank charged service fees of $135 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. Prepare a bank reconciliation for Blaine's checking account on February 28, 2024. (Amounts to be deducted should be indicated with a minus sign.) Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits

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