Oscar's Red Carpet Store maintains 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, 2021. Deposits: Cash receipts: Balance on February 1 Receipts Disbursements Balance on February 28 Date Amount No. Date 2/4 $ 1,800 Checks: 321 2/2 Amount $3,800 2/11 1,400 322 2/8 650 2/18 2,300 323 2/12 1,600 2/25 3,200 324 2/19 1,300 2/26-2/28 700 325 2/27 450 $ 9,400 326 2/28 950 327 2/28 1,000 $ 5,900 $9,750 9,400 (9,750) $ 5,550 Information from February's bank statement and company records reveats the following additional information: a. The ending cash balance recorded in the bank statement is $8,160. b. Cash receipts of $700 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 $450 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. 1. 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 daily balance. The amount of interest earned for February is $110 h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,200 from Oscar. On February 24, Titanic paid $4,400 ($4,200 borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing.