Deposits: b. Cash receipts: Balance on February 1 Receipts Disbursements Balance Date 2/4 2/11 2/18 2/25 2/26-2/28 on February 28 Amount $ 2,700 2,300 3,200 4,100 1,600 $ 13,900 $ 6,800 13,900 (12,600) $ 8,100 CHAPTER 4 Cash and Internal Controls Checks: NO. 321 322 323 324 receipts of $1,600 from 2/26-2/28 are outstanding. Checks 325 and 327 are outstanding. 325 326 327 Date 2/2 2/8 2/12 2/19 2/27 2/28 2/28 Amount $ 4.700 400 2,500 2,200 Information from February's bank statement and company records reveals the following additional information: The ending cash balance recorded in the bank statement is $13,145. a. Cash 200 700 1,900 $12,600 d. The deposit on 2/11 includes a customer's check for $200 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 automatic withdrawal for Oscar's February rent was made on February 4 for $1,100. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $20. g h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $6,000 from Oscar. On February 24, Titanic paid $6,250 ($6,000 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing. i Academy Bank charged service fees of $125 to Oscar's for the month. Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2021. 2. Record the necessary cash adjustments.

1. additional information: a. The ending cash balance recorded in the bank statement is $13,145. b. Cash receipts of $1,600 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 $200 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 automatic withdrawal for Oscar's February rent was made on February 4 for $1,100. g. Oscar's checking account earns interest based on the average daily balance. The amount 0 interest earned for February is $20. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $6,000 from Oscar. On February 24 , Titanic paid $6,250 ( $6,000 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing. i. Academy Bank charged service fees of $125 to Oscar's for the month. Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2021. 2. Record the necessary cash adjustments