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 DateAmountNo DateAmountDeposits 2 4$2,150Checks 3212 2$4,1502 111,7503222 85502 182,6503232 121,9502 253,5503242 191,650Cash receipts 2 26 2 281,0503252 27350$11,1503262 288503272 281,350Balance on February 1$6,250$10,850Receipts11,150Disbursements(10,850)Balance on February 28$6,550 Information from February's bank statement and company records reveals the following additional information The ending cash balance recorded in the bank statement is $10,075 Cash receipts of $1,050 from 2 26 2 28 are outstanding Checks 325 and 327 are outstanding The deposit on 2 11 includes a customer's check for $350 that did not clear the bank (NSF check) Check 323 was written for $2,500 for advertising in February The bank properly recorded the check for this amount An automatic withdrawal for Oscar's February rent was made on February 4 for $1,300 Oscar's checking account earns interest based on the average daily balance The amount of interest earned for February is $145 In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,900 from Oscar On February 24, Titanic paid $5,050 ($4,900 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing Academy Bank charged service fees of $120 to Oscar's for the month 2 Record the necessary cash adjustments (If no entry is required for a transaction event, select No Journal Entry Required in the first account field Total entries to the same account together when entering in the journal entry worksheet )

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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

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.

DateAmountNo.DateAmountDeposits:2/4$2,150Checks:3212/2$4,1502/111,7503222/85502/182,6503232/121,9502/253,5503242/191,650Cash receipts:2/26-2/281,0503252/27350$11,1503262/288503272/281,350Balance on February 1$6,250$10,850Receipts11,150Disbursements(10,850)Balance on February 28$6,550

Information from February's bank statement and company records reveals the following additional information:

The ending cash balance recorded in the bank statement is $10,075.
Cash receipts of $1,050 from 2/26-2/28 are outstanding.
Checks 325 and 327 are outstanding.
The deposit on 2/11 includes a customer's check for $350 that did not clear the bank (NSF check).
Check 323 was written for $2,500 for advertising in February. The bank properly recorded the check for this amount.
An automatic withdrawal for Oscar's February rent was made on February 4 for $1,300.
Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $145.
In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,900 from Oscar. On February 24, Titanic paid $5,050 ($4,900 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing.
Academy Bank charged service fees of $120 to Oscar's for the month.

2.Record the necessary cash adjustments.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Total entries to the same account together when entering in the journal entry worksheet.)