G Search or type URL 4 Assignment Questions 3-4 (of 4) [The following information applies to the questions displayed below Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes ledger for the month ending February 28, 2018. Date 2/4 Amount $ 3,900 550 1,700 1,400 350 $1,900 Checks: 321 2/2 322 2/8 323 2/12 324 2/19 Deposits: 2/18 2/25 1,500 2,400 3,300 2/26- 2/28 Cash receipts: 800 325 2/27 850 326 2/28 327 2/28 $9,900 1,100 Balance on February 1 Receipts Disbursements s 6,000 9,900 (9,850) Balance on February 28 6,050 Information from Februarys bank statement and company records reveals the following additional information: MacBook Pro G Search or type URL 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 $9.095 b. Cash receipts of $800 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 $350 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 $120 h. In Jenuary, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,400 from Oscer. On February 24, Titanic peild 34,650 (s4,400 borrowed amount plus $250 Interest dire L Academy Bank charged service fees of $125 to Oscar's for the month. value: 5.00 points Required: 1. Prepare a bank reconailiation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus Bank Reconciliation 2018 Bank's Cash Balance Company's Cash Balance S 6,050 Per bank statement F Deposits S 9,095 Per general ledger 800 NSF check 1400 Company error 350 Checks outstanding 1.100 EFT for rent Interest on account Note collected 4,650