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 $28,2024.$

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 $$13,145.$

b$.$ Cash receipts of $$1,600$ from $\frac{2}{26}-\frac{2}{28}$ are outstanding.

c$.$ Checks $325$ and $327$ are outstanding.

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

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

f$.$ An EFT withdrawal for Oscar's February rent was made on February $4$ for $$1,100.$

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

h$.$ In January, one of Oscar's 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 January's borrowing.

i$.$ Academy Bank charged service fees of $$125$ to Oscar's for the month.

Required:

Prepare a bank reconciliation for Oscar's checking account on February $28,2024.$

Record the necessary cash adjustments.

Complete this question by entering your answers in the tabs below.

Record the necessary cash adjustments. $($If no entry is required for a transaction$/$event$,$ select $"$No

Journal Entry Required" in the first account field.$)$