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, 2024.

	Date	Amount		Number	Date	Amount
Deposits:	2/4	$2,700	Checks:	323	2/12	$2,500
	2/11	2,300		324	2/19	2,200
	2/18	3,200		325	2/27	200
	2/25	4,100		326	2/28	700
Cash receipts:	2/26-2/28	1,600		327	2/28	1,900
		$13,900				$7,500

	Amount
Balance on February 1	$6,800
Receipts	13,900
Disbursements	(7,500)
Balance on February 28	$13,200

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.

Cash receipts of $1,600 from 2/262/28 are outstanding.

Checks 325 and 327 are outstanding.

The deposit on 2/11 includes a customer's check for $200 that did not clear the bank (NSF check).

Check 323 was written for $2,800 for advertising in February. The bank properly recorded the check for this amount.

An EFT withdrawal for Oscars February rent was made on February 4 for $1,100.

Debit card transactions include $4,700 for legal fees expense and $400 for entertainment expense.

In January, one of Oscars suppliers, Titanic Fabrics, borrowed $6,000 from Oscar. On February 24, Titanic paid $6,270 ($6,000 borrowed amount plus $270 interest) directly to Academy Bank in payment for Januarys borrowing.

Academy Bank charged service fees of $125 to Oscars for the month.

I HAVE BEEN DOING THIS FOR HOURS AND I CAN NOT FIGURE OUT WHAT IS WRONG WITH IT

Required: 1. Prepare a bank reconciliation for Oscars checking account on February 28, 2024.

2. Record the necessary cash adjustments.