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: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 1,950 Checks: 1,550 2,450 3,350 850 $10,150 No. 321 322 323 324 325 326 327 Date 2/2 2/8 2/12 2/19 2/27 2/28 2/28 Cash receipts : Amount: $3,950 400 1,750 1,450 200 700 1,150 $9,600 Balance on February 1 Receipts Disbursements Balance on February 28 $ 6,050 10,150 9.600) $ 6,600 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 $9,675. b. Cash receipts of $850 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 $200 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. t. An automatic withdrawal for Oscar's February rent was made on February 4 for $1,200. 9. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $125. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,500 from Oscar. On February 24, Titanic paid $4,700 ($4,500 borrowed amount plus $200 interest) directly to Academy Bank In payment for January's borrowing. 1. Academy Bank charged service fees of $100 to Oscar's for the month, OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement $ 9,675 Per general ledger Deposits outstanding 850 Company error Checks outstanding (1,350) EFT for rent Interest on account $ 6,600 (750) (1 200) 125 OOOO Interest on note 200 4,500 Note collected NSF check Service fees (200 (100) Bank balance per reconciliation $ 9,175 Company balance per reconciliation $ 9,175 Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal