Deposits: Cash receipts: Balance on February 1 Receipts Disbursements Balance on February 28 Date Amount No....

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Deposits: Cash receipts: Balance on February 1 Receipts Disbursements Balance on February 28 Date Amount No. Date Amount 2/4 $ 1,750 Checks: 321 2/2 $3,750 2/11 1,350 322 2/8 450 2/18 2,250 323 2/12 1,550 2/25 3,150 324 2/19 1,250 2/26-2/28 650 325 2/27 250 $ 9,150 326 2/28 750 327 2/28 950 $ 5,850 $8,950 9,150 (8,950) $ 6,050 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 $8,630. b. Cash receipts of $650 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 $250 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 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 of interest earned for February is $105, h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,100 from Oscar. On February 24, Titanic paid $4,350 ($4,100 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing. Academy Bank charged service fees of $125 to Oscar's for the month. Deposits: Cash receipts: Balance on February 1 Receipts Disbursements Balance on February 28 Date Amount No. Date Amount 2/4 $ 1,750 Checks: 321 2/2 $3,750 2/11 1,350 322 2/8 450 2/18 2,250 323 2/12 1,550 2/25 3,150 324 2/19 1,250 2/26-2/28 650 325 2/27 250 $ 9,150 326 2/28 750 327 2/28 950 $ 5,850 $8,950 9,150 (8,950) $ 6,050 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 $8,630. b. Cash receipts of $650 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 $250 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 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 of interest earned for February is $105, h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,100 from Oscar. On February 24, Titanic paid $4,350 ($4,100 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing. Academy Bank charged service fees of $125 to Oscar's for the month.