Oscars Red Carpet Store maintains a checking account with Academy Bank. Oscars 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, 2018.

The following information applies to the questions displayed below Oscar's Red Carpet Store malntains a checking account with Academy Bank. Oscar'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, 2018. No. Date 321 322 323 2/12 324 2/19 DateAmount 2/4 $ 2100 Checks: $4100 600 1,900 1,600 400 Deposits: 2/2 2/18 2/25 2/26- 1700 2,600 3,500 Cash receipts: 1,000 325 2/27 2/28 2/28 2/28 326 900 $10,900 327 1300 Balance on February 1 Receipts Disbursements S 6.200 10,900 (10,800) $10,800 Balance on February 28 S 6,300 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 $9,840. b. Cash recelpts of $1,000 from 2/26-2/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposlt on 2/11 Includes a customer's check for $400 that dld 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 $1,200. g. Oscar's checking account earns Interest based on the average dally balance. The amount of Interest earned for February Is $140 h. In January, one of Oscars suppliers, Titanic Fabrics, borrowed $4,800 from Oscar. On February 24, Titanic pald $5,000 ($4,800 borrowed amount plus $200 Interest) directly to Academy Bank In payment for January's borrowing. l. Academy Bank charged service fees of $100 to Oscar's for the month. value: 40.00 points Required information Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus sign.) OSCAR'S RED CARP Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Bank balance per reconciliation lance per reconciliation